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.
Take note of this, if central banks will be abolished suddenly and as central banks are the one that is responsible for the financial of a country then expect that there will be chaos in that country there will be no order or what because the value of the fiat currency in that country will have no value anymore and people could take advantage of that, dont wish that central banks will collapse because if that happens then you will not like what might happen to the country, we cant do anything about the inflation because thats what is happening right now because of the goods keep on increasing we could only do is to find alternative work or job that could make as extra income, but what if centran banks abolished then there's no sense in having too much money as it will not be useful anymore, mind that, and I hope it will never happens.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.