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> Because limits like these are never raised. Inflation will take care of that. Also, you can't convert that money to Gold or Crypto and a house is too damn ex
by csomar 4y ago
> Because limits like these are never raised.
Inflation will take care of that. Also, you can't convert that money to Gold or Crypto and a house is too damn expensive to buy. So someone with 20k Euros will end up with 2k euros in value.
- justahuman74 4y agoThat part of the problem, it wont be long before 10000 in EU currency wont buy much at all, effectively making cash unusable
- bonzini 4y agoAt 4% a year, it will be roughly 70 years before 10000 euros have become 600 euros of today (which is still above the size of a typical cash transaction).