“When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back, and thus must print it instead, and thus fiat is doomed… watch what happens to crypto.” : CryptoCurrency


“When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back, and thus must print it instead, and thus fiat is doomed… watch what happens to crypto.”

This can always be read as: buy more crypto to increase value of my holdings. For some perspective, the last crisis (in 2008) was a global systemic crisis, yes it was very severe, but bear in mind US pulled out of it in 2 and a half years, bailouts were actually repaid with a small profit to the taxpayer. Fiat in general was not under any threat. The previous systemic crisis of that scale was in 1929

Alarmists and fearmongers who predict these doomsday scenarios month after month seem to feel we need to spread fear of the current system to boost crypto. It doesn’t work like that, crypto has done very well, has grown expotentially in 7 years and can grow even more doing as it’s always done – working with the current system, partnerships between crypto and industry/finance, development, global adoption of blockchain and DL tech



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