News Commentary #1,148 – Bitcoin, Crisis, Adoption?

The overwhelming majority of people around the world have in one way or another faced the pandemic (COVID-19) and, as a result, an economic crisis. However, many of us, based on a variety of facts, believe that everything is going the other way around and that the pandemic is the result of a reformatting of the economy and the economic crisis.

In any case, this issue had a beginning and must have an end. I’m sure that many have already thought about how all this should (maybe even according to the plan) end. Will we use the same financial system that exists today or will something different appear.

A few years ago, the IMF (International Monetary Fund), as well as other most significant financial institutions in the world, were calm OR even against everything related to cryptocurrency. Today we can already see things in which the IMF officially explains what a cryptocurrency is .. I think that the article below and the video will be of interest to the entire EN community – the smartest and fastest one (i truly believe) in the hyip industry..:

CENTRAL BANKS CAN’T SOLVE THE ISSUE AT HAND, BUT BITCOIN POSSIBLY CAN

A common trope amongst the cryptocurrency community is the claim “Bitcoin fixes this” in just about every situation imaginable. What started as a serious challenge against critical economic issues has transformed into a running joke.

But Bitcoin’s potential impact on the same solution that central banks can’t solve is no laughing matter.

Central banks supplying more money and more debt to individuals is how the economy became so overextended and strained in the first place. Monetary policy should be designed to protect individuals from uncertain conditions such as pandemics, recessions, or anything else.

Bitcoin’s hard capped supply and digital scarcity may not be an immediate solution to the uncertainty the economist fears, but it could be someday as the asset matures. Already, major institutions and now corporations are taking note of Bitcoin for its wealth preservation like qualities.

It is even dubbed as an insurance policy against the unknown. So while Bitcoin cannot immediately solve the problem central banks are faced with, it is building a foundation in which someday it may do so.

Those that take note now and adopt this insurance policy early could potentially protect themselves from further uncertainty and the unknown.

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