Post
Topic
Board Economics
Re: Recession: How are we coping?
by
Upgrade00
on 28/06/2020, 08:54:03 UTC
The risk of Covid-19 infection is increasing in almost all countries of the world but the best reason to overcome this evil is to invest in Bitcoin
Investing in Bitcoin does not protect one from possible viral infection, the solution (the best we have now) is to keep to health guidelines to help reduce the spread of the pandemic.
About the economic crisis, the OP was referring to solutions for those most hit by the crisis;
...What advice can you give to most people who lose their jobs and struggling to make ends meet?
This people do not really have the option to buy bitcoin, as they need money to meet their daily needs, bitcoin is also not a money grab scheme, itsa currency which facilities peer-peer transactions. I will not advise anyone in financial crisis to buy bitcoins.

The solution to the current situation rests on policies and efforts being made by governments and those they are already in place, some of which I listed here;
The article is not pessimistic imo, it would be the reality if not prevented through; improved infrastructure, better health and safety practices, well regulated cash injections.