Okay, So let's start with the impact of the COVID-19 pandemic on the global economy. The pandemic has caused unprecedented disruptions to businesses and supply chains around the world, leading to widespread unemployment and economic contraction. In response, governments around the world have implemented massive stimulus packages to support individuals and businesses, which have led to concerns about inflation and currency devaluation.
one potential solution that has been suggested by some is investing in Bitcoin and other cryptocurrencies as a hedge against inflation and a store of value in uncertain times like this. What do you think about this idea? Do you believe that cryptocurrencies are a reliable safe haven asset?
Isn't it late to discussed though? and if I'm not mistaken, they have been debated many times in his community. If ever there is a global problem right now, it's the war in Europe and then the inflation that every country is facing, and more recently, it's the banking crisis.
Specially the latter, it seems that crypto is again being look at a store of value, hedge against inflation and obviously we want to preserved our money, without the value going down. And recently, we have another bank in near collapse, billions worth of money being withdrawn and we can only make the conclusions that those who are getting their money out is putting it to bitcoin and other cryptocurrencies.