The discussion on the 2008 financial crisis happening again given we have a digitalised currency was great and I thank you for all who gave their views.
But what do you think the central bank ability is to reduce the effect of the 2008 financial crisis given bitcoin was the main currency?
The economic structure between 2008-2019 is completely different. The structure of the banks at that time is very different today. In 2008, the USD was not so valuable in the face of world currencies. At that time, problems were caused by economic structures.
In 2019, there is almost no structural problem in the world.
In my view, when the current economic congestions occur, the only way to open it is the economic crises. And these crises arise when the economy cannot achieve equilibrium. In my economy, I think the problem of production and consumption imbalance.
I know I extended it. But what I want to say is that Bitcoin cannot be the cause of today's economic hardship. In fact, the solution at the moment can not be. Bitcoin is economically just money. And it's a global circulation. And yet it is not strong enough to touch the economic structure.