Bitcoin is Not The Next Logical Step To Solve Financial Woes
No one in the financial world will deny the current situation is going to cause a lot more issues down the line. Stock markets are in shambles, oil prices are crippling economies, and investors have no idea where to put their money right now. Bitcoin seems to hold all of the answers, but people remain very wary of the popular digital currency that is not controlled by banks or governments.
Depending on whom you pose the question to, the fundamentals of traditional finance are either sound or need to be revamped completely. Everyone in the world can see that “sound” is not a word that comes to mind when talking about the current global economy. Right now, the financial sector is in a vicious negative spiral, and there is no sign of improvement in the near future.
While the world economy might appear to be expanding on a global scale, the growth is weak and very uneven. When major countries, such as China, are seeing a stagnation and retrace of their economic growth, things are looking all the bleaker for other countries around the world. Needless to say, the year 2016 will be filled with challenges to overcome, and the IMF growth forecast is not favorable.
http://bitcoinist.net/bitcoin-is-not-the-next-logical-step-to-solve-financial-woes/
Topic: [2016-02-06] Bitcoin is Not The Next Logical Step To Solve Financial Woes (Read 245 times)
February 06, 2016, 03:38:28 PM
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