today. in my country spread information about Rush money system. The public concluded that Rush money was influenced by political factors. but on the other side. I think this is not just about politics. but this is proof that the public is bored with a centralized financial system. but I want to ask. what happens if BTC make a Rush money system? or do you think that BTC never make Rush money? share your knowledge here guys. !
Money in a hurry is a movement to withdraw money from each savings account, in large quantities and at the same time at the same time. This 'action' does not even often drain the money in savings. As a result of rush money, it can be grouped into three, namely in the economic field, it is the chaotic of the banking system, because it reduces cash. Then in the social sector, namely the emergence of unrest because of the damaged bank system. Then finally in the political field, political leaders supporting the government can draw consensus to attract legitimate government support. The rush of money movement is very detrimental. If this happens, banks will experience a crisis. Credit can dry up liquidity and create public panic.
An increase in the increase in value can increase the interest rate. The bank will raise interest rates which will eventually erode credit amid a slowing economy. The pattern is taken because of the declining purchasing power.
If bitcoin makes the system rush, it will create conditions that are not much different from those obtained by the bank that will be feared.
