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.
During the pandemic, Jerome Powell made it clear that we are not going back to the same economy, that we are recovering but to a different economy that is more leverage to technology. Why do you think institutions has resorted into Buying Bitcoin lately, because most of them know that at some point the system would no longer be sustained, for instance look at how much that the US government is using to service their debts and secondly why do you think the bricks nation are trying to have their own currency which will be backed by the digital sdr. With continuous money printing system, the inflation will so high that there maybe a total economic collapse. 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.