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Deutsche Bank warns of global 'time bomb' coming due to rising inflation
- elevenoh 5y agoIs it feasible that a future global demand for crypto could materially displace demand for USD & contribute runaway inflation?
- fxtentacle 5y agoIf it's only Bitcoin inflating, that'd be fine because it'll have very little effect on the overall economy. But if regular folks read this advice and then buy into Bitcoin at an inflated price only to lose value and sell at a loss, those newly bankrupt people will affect the economy and your local society. Crypto enables global payments, but the results of mistakes remain local.
- fxtentacle 5y agoWhen reading those reports, one should always remember that banks have a team to advise you on which assets to invest in and that they'll make their profit as commissions on you buying and selling investment assets. Advising you to convert your money into other assets now only to convert it back (potentially at a profit or loss) at a later time is a very convenient advice for them to give.