Post
Topic
Board Economics
Merits 1 from 1 user
Re: Hyperinflation - Will it lead Countries to Adopt Bitcoin?
by
N.O
on 22/05/2024, 14:50:10 UTC
⭐ Merited by fillippone (1)

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.
Yes ,I agree. Cryptocurrency is very  very beneficial for the teenagers and people should invest in cryptocurrency for the long term and also for the short term. The future of cryptocurrency is bright than stock market and any other business. If one research the whole project and he calculate the all facts and  figures and he research the company which is handling the project,he can get success by investing in cryptocurrency but if any person enters in cryptocurrency and at the start he did not get the knowledge of cryptocurrency and he only surrounded by greed  he will lose all the money investing in this. Recently I see the post where man written that he lose  thousands of dollars in cryptocurrency on the advice of his friend . Without knowledge cryptocurrency is dangerous and with knowledge cryptocurrency is king.