With central banks struggling to keep inflation under control, people are beginning to lose trust in the traditional financial system. Some politicians (eg: Javier Milei) even suggested to abolish central banks as they're the main cause of the world's economic problems.
If the global economy continues to deteriorate, do you think central banks will collapse? If that happens, it will be the end of Fiat for good. In such a scenario, do you think Bitcoin will become the currency of the world?
What's your opinion? Your input would be greatly appreciated. Thanks.
Not only is this problem happening to the central bank, but it is happening to you in the middle of the central bank. The cause of price memory has been starting since 1920. In 2019-20, the corona epidemic has caused many economic problems. But if you notice one thing now, BTV is standing on the brink of a world war. If you see Russia, the economy has been affected by the Ikram war, and now the war between Palestine and Israel is on the brink of destruction. A few days ago, Iran's rocket attack on Israel has affected our economy, and the economy has a lot of products around the world that have an economic impact and this is for many countries. The damage is getting worse because you live in a war where the central bank cannot be responsible for the state of the country's economy.If the global economy continues to deteriorate, do you think central banks will collapse? If that happens, it will be the end of Fiat for good. In such a scenario, do you think Bitcoin will become the currency of the world?
What's your opinion? Your input would be greatly appreciated. Thanks.