Post
Topic
Board Economics
Re: Hyperinflation - Will it lead Countries to Adopt Bitcoin?
by
harapan
on 22/05/2024, 02:30:24 UTC

I think there is no better option for countries that are greatly affected by inflation but to adopt what makes them earn money with so little investment and put their resources to use. The unused energy they have shall be used to make money just like the geothermal of El Salvador. If a country has falls that can produce energy, that might just be saving their economy too than adding more debt by printing.

The truth is that cryptocurrency are viewed as high volatile in some regions of the world and they hesitate to apply the necessary actions that'll interrelate with the severe instability of their country.Whereas,some citizens consider bitcoin as a safe haven for them and the right tool to secure a safe adventure.

Unstable hyperinflation disrupts the value of people's savings and undermine economic activities.One of the claims from Bitcoin maximalists is that Bitcoin will be a hedge against inflation.The key point here is that while some HYP may last many years,its potentially a good hedge against that but that doesn’t make it a good investment at the time of such emergence.
Emerging unfavorable markets are adopting are causing people to adopt cryptocurrencies at a rapid pace.