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Or wait until the house of cards that is fiat money turns into real money with no counterparty risk. Look at the risks involved in having central banks as the
by jkepler 5y ago
Or wait until the house of cards that is fiat money turns into real money with no counterparty risk.
Look at the risks involved in having central banks as the final counterparty for all our government's fiat monies: [0]. This is why increasingly companies, banks, pension and insurance funds, and governments are turning to it a a pristine global digital collateral with no counterparty risk.
“The key question facing Bitcoin nearing the onset of 2022 is whether it’s peaking or simply a consolidating bull market,” wrote a recent Blomberg Intelligence report[1]. “We believe it’s the latter, and see the benchmark crypto well on its way to becoming global digital collateral in a world going that way.”
[0] Consider the multiple hyperinflation disasters of the 20th century, I.e., the century of central banks. https://wtfhappenedin1971home.files.wordpress.com/2020/01/do5g42luuae65cp_1.jpg https://wtfhappenedin1971home.files.wordpress.com/2020/01/do...
[1] https://assets.bbhub.io/professional/sites/10/1489771_Crypto-Dev2021Outlook.pdf https://assets.bbhub.io/professional/sites/10/1489771_Crypto...