Central banks and other elites have painted themselves into a corner. There is too much debt in this world, and all of it is based on fiat money that central banks can print.
The elites must maintain trust in this fiat money by keeping inflation low. That means, one way or another, all the growth in wealth must go to a small number of people.
But the more inequality they create, the more distorted and unstable the system becomes. That is, more and more 'fancy' goods and services are produced just to satisfy the whimsical demands by the lucky people. This demand can disappear any time financial asset values go down.
So central banks must keep financial asset values high just to keep this demand going. But this only worsens the inequality, and the cycle continues. Eventually, something will have to trigger a financial asset crash.
The only real solution to this problem, from the elites' point of view, is to inflate away the debt without destroying the trust in state money. And the only way to do that is to devalue state money against non-state money. Traditionally, that non-state money has been gold and silver. Today, the (Western) elites are using Bitcoin and other cryptos to play that role.
You will not hear this perspective from the mainstream media or establishment economists!
This question can answer in a simple way. Everything belongs to the changes in our society so do our currency.
We all know that we are in the digital world and everything is dependent to the internet. To sustain this changes, digital currency was born. In addition, because of its interesting features, bitcoin is being patronized by many people.
