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Topic: The new economic crisis is the transition to crypto. - page 3. (Read 540 times)

jr. member
Activity: 182
Merit: 1
To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use  of crypto currency in international settlements?

Bitcoin will only help the individual economy, maybe Bitcoin can help a country's economy if the government requires taxes for traders.
sr. member
Activity: 658
Merit: 260
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To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use  of crypto currency in international settlements?

Crypto currency doesn’t add up value to the national treasure yet and if it has to then it will need to be utilised on larger scales within the national and international trades. In reality we are just using the dollar values and much more to denote the value to crypto based on how much money has been placed into that particular project or coin. There is no contribution of crypot yet intot the real world. I believe that during the financial crisis such asset or crypto coins won’t be that much helpful to recover it.
newbie
Activity: 167
Merit: 0
To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use  of crypto currency in international settlements?

Well, it all depends on the country. If a country really does depend on the global trade then if you are among this people then you can just make crypto as the transition for you to transfer your savings into it.
hero member
Activity: 1526
Merit: 596
To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use  of crypto currency in international settlements?

It's an interesting thought for sure.

I've personally always thought that some sort of global financial crisis could be helpful in terms of getting people to adopt bitcoin. Especially one that has inflationary consequences, with rapidly increasing prices and CPI overall.

For example, just look at individual cases like Venezuela and Turkey, where bitcoin is definitely helping individuals to store their wealth away from their fiat currency, and thus leading to more adopters. This could happen under a global scale as well. Whether or not this actually evolves into a global payment network is another, but increased adoption of bitcoin as a store of value internationally is definitely possible under these circumstances.
jr. member
Activity: 420
Merit: 1
To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use  of crypto currency in international settlements?
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