Post
Topic
Board Economics
Re: The new economic crisis is the transition to crypto.
by
magneto
on 05/09/2018, 10:21:28 UTC
To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use  of crypto currency in international settlements?

It could. We've seen previously in difficult financial times that people revert to storing their wealth in gold and silver.

With bitcoin somewhat mainstream now, or at least being known internationally to some degree, I think that it will take over a lot of the roles which precious metals used to play in terms of being a store of value within economic crises.

And when people have a dysfunctional fiat currency, they will obviously seek an alternative, which I think will force a lot of people into looking at bitcoin as a viable one. After the crisis though, it's debatable that they wall continue to use bitcoin, even though adoption technically has increased.