Hedge Your Government with Bitcoin – Bitcoin Now!
Economists claim 92% if the world’s currency is currently digital, meaning the majority of transactions are already carried out through a virtual medium of exchange. People trade goods and services every day using digital money, yet the very idea is still somewhat taboo.
Throughout the last decade, we have seen various fiat currencies devalued through monetary inflation including, the U.S. dollar, which lost close to 25% of its face value since the start of the financial crisis. Fiat currencies can experience hyperinflation for many reasons, but more often than not, the root causes tend to be failed monetary policy and government intervention.
Governments and central banks have a historic track record of devaluing currencies in attempt to pay off economic debts. Far too often we see mistakes made by governing bodies destroy economic prosperity. Bitcoin provides a medium of exchange without the threat of government induced hyperinflation. With the uncertainty fiat currencies carry, it is no surprise people are losing trust in the financial system. To combat this distrust, people are turning to an old idea, like the gold standard, but with a modern twist. Previously, it was much harder for someone to purchase gold as a store of value, but that changed with the creation of bitcoin.
With the collapse of fiat currencies becoming a regular sight, one can only expect things to get worse. In the United States and European Union, quantitative easing and repo efforts by the Federal reserve and ECB are expanding wealth inequality. This is accomplished by injecting liquidity into the economy and lowering interest rates, which in theory, encourages lending. These monetary practices are not sustainable and if we continue, things will only get worse.
Published at Mon, 07 Oct 2019 00:48:23 +0000
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