Why aren't the governments of the world seeing the greater money problem that bitcoin, and not even their CBDC, can solve? Can they at least think about allowing bitcoin to coexist with their money? I'm not asking them to abandon their fiat. Can they stop hindering Bitcoin's development and begin exploring its possibilities? It hurts that they are aware of the potential of bitcoin and have decided to ignore it. The issue of inflation, which destabilizes the world, can be resolved by Bitcoin. Additional money can be printed, but more bitcoins cannot be created. Inflation occurs when there is more money in circulation than is required. This can never happen with bitcoin.
- Inflation occurs when the money supply of a country grows more rapidly than the economic output of a country.
- The Federal Reserve changes the money supply by buying short-term securities from banks, injecting capital into the economy.
- The quantity theory believes that the value of money, and the resulting inflation, is caused by the supply and demand of the currency.
Quote sourcehttps://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp
When will they learn that bitcoin may be helpful? What are they waiting for?
Everything the government cannot put their control over, they don't give a sh*t about it. They are even very scared of it at one point along with the banks, fearing that people may use Bitcoin in transactions more often than using any third party money processors and banks. Until they found an alternative solution to make money out of every Bitcoin transactions by putting a regulations on exchanges and local wallets.