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.
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.
Actually this may happen in the nearest future, though it may not be easy but navigating the heat of inflation to many nation mostly the third world countries some has no knowledge on how to handle their fiat system as all strategies has failed as there economy keep dropping on daily basis as result of inflation. As some citizens keep in diversifying there system of holding this currency from fiat system to digital currency by the time it climb above 50-50% of those who make use of digital currency and fiat the government may be forced to weigh their both the best alternative and definitely BTC will be the only option that will make it inevitable.