Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?
$11? Per hour? Man, thats a lot of money. Other countries does pay their employees such amount for working a whole day. And UK is damn far from that.
If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.
Making their citizens rich isn't the responsibility of the government in the first place. It is the responsibility of the individuals who must strive in order for them to live, remember that. You are lucky enough if you are livin' in a wealthy country but that doesn't end to that. In addition, hooking up the crypto market isn't as well the responsibility of government and I bet they don't even have such idea.
I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Printing money doesn't work like that. It could lead to hyperinflation.