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.
I think a full collapse of the central banks will kill off millions of people. It would be a disaster beyond anything we have ever seen. I also thank god that all my kids are dead. Just me and the wife plus we are 67 and 68 years old and will likely die before the collapse happens. I feel deep sorrow for those under 50 and they will likely live long enough to suffer a lot when the collapse happens.