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RE: 👑 Why Bitcoin will be crowned the global reserve currency 👑

in HODL5 years ago

I think it still needs a long time if it were crowned as a world currency.

My reflection on inflation.

Inflation, as we know, is generated by monetary issuance in any country without the backing of resources that justify that issuance and harm those who have the least.
Bitcoin would fix this but there is another problem.
Countries need to issue currency to pay what they deem necessary and strategic, with or without support to keep their economies working.
This was seen with the current pandemic, closed countries, closed economies, government subsidizing their companies so that they do not lay off personnel and close. The states do the same with the banks and companies that provide services, I am not saying that it is fine, it seems terrible to me but they must do it.
Inflations are unfair to those who have money saved because they see day by day how it is losing its value, but necessary to live day by day and they need the state to give them economic relief in their pocket at certain times

Inflation. "An evil in some cases necessary"

Good post
You have my vote