Post
Topic
Board Economics
Re: G20 Meet - Always consider Crypto as problem to the monetary world. New update
by
tabas
on 15/04/2023, 20:49:44 UTC
it's quite funny to see these boomers say that crypto is an asset that is unstable and unsafe to invest in, some even say that this is a fraud .. but on the other hand they seem scared of the increasing number of adopters of crypto and don't want their product (fiat) is losing its users.. if they believe that crypto is an asset that is not fit for adoption, why should they fear that adopters of crypto are increasing??  LMAO
Funny as it is and that's because they can no longer ignore that it's overtaking some other traditional assets that they know and compared with the growth that bitcoin to those, it's incomparable and undeniable that the gain that it has got is impressive.
They're making it look that they fear the increasing adoption rate of bitcoin and the people that starts to use and invest on it but, they're trying to make way so that they can still capitalize and benefit from the current situation.

Quote
India's Finance Minister Nirmala Sitharaman participates in a news conference at the 2023 Spring Meetings of the World Bank Group and "The G20 and its members agree that it's not going to be possible to have an independent, standalone country dealing with the crypto assets," the minister added.
Are they sure about this and haven't seen those countries that don't even need the consultation of theirs and just have accepted and made it as a legal tender? Even not a legal tender but just by being neutral and allowing its penetration and adoption on those countries without having trouble thinking about such.