I see people on here always complaining about how no one is using crypto currency as an actual currency. In my opinion though, most people are using crypto currency as a hedge for when the global economy fails. Keynesian economics worked great for the first generation who used it, however it has an expiry date, and that expiry date is rapidly approaching. In my country (Australia), our economy will almost definitely tank in the next 2 years, as our central bank has no choice but lower interest rates and therefore inflate our currency, or otherwise risk a housing market catastrophe. They are stuck in between a rock and a hard place, and I believe many other countries are as well. I won't go into depth about anymore dooms day predictions, but I still feel that crypto is starting to be used and a hedge by more and more people, who although don't know the technicalities and benefits of crypto yet, still ironically see it as a safer bet than their own dollar. I know I do.Anyways, take my opinion with a grain of salt. I don't have a PhD in economics but that's just what I see! Would love to have a discussion about how the global economy is currently intertwined with crypto
Submitted June 03, 2019 at 11:46AM
No comments:
Post a Comment