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After 2022, you still think that these countries (EU, UK, etc.) have a stabile currency? Well, that's some serious positive thinking. I'm still curious to see h
by WinstonSmith84 4y ago
After 2022, you still think that these countries (EU, UK, etc.) have a stabile currency? Well, that's some serious positive thinking. I'm still curious to see how people will react when we get a real crash within the next few years.
- oblio 4y agoIf the major currencies fail/drop 50%+ per year in N years, crypto value will be screwed too, even more. Because all those major currencies are backed by huge economies and militaries and whatever's needed to prevent those people from starving. As usual, it's great to have diversified assets, but that's not really a viable option for the average person that can barely pay their rent.
- notahacker 4y agoThe worst inflation the UK and EU saw in decades saw their currencies lose 10% of their purchasing power in a year due to an energy price spike caused by a war (and the unwillingness of the central bank to take drastic action to counter it). Also over the course of 2022, BTC lost more than half its purchasing power, meaning that anybody in the UK or EU that used it as a hedge against inflation got severely burned...