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Is it feasible that a future global demand for crypto could materially displace demand for USD & contribute runaway inflation?
by elevenoh 5y ago
Is 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.