How Bitcoin can be useful in a financial crisis?

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Blockchain technology lover.🌎🌍🌏

2 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Analysis, Investing, Earning, Bitcoin, Financial, ...

Many Bitcoin experts say that this cryptocurrency can be used to favor in a financial crisis, other people say that this cryptocurrency can be used to attack a financial crisis, today the inflation in the United States is around 8% and that is totally true, compared to other countries, for example the case of Venezuela that has reached an inflation of 100% or much more in a single day.

As many of us know, the Bitcoin was created in order to avoid financial crises and this happened in 2009 when the United States was facing a major financial crisis and since then the idea of developing this cryptocurrency was created but what we may not know is that the Bitcoin can be used effectively when we are in the midst of a financial crisis.

Why do experts claim that we can leverage Bitcoin in a financial crisis?

Since the creation of the Bitcoin to date the Bitcoin has been increasing its value considerably and all people who have knowledge of this or a little lower knowledge about cryptocurrencies know that the Bitcoin will rise in price, even many users claim that by 2030 the Bitcoin can be found at more than $500,000.

From my point of view investing in Bitcoin in a financial crisis can be something that we can take a lot of advantage of guys, simply because we can maximize our profits considerably and with that make money while inflation is occurring, simply since the Bitcoin was created it has increased much more than 1,000,000% and that has not happened with FIAT currencies at least not in the United States or 3rd world countries and by this I simply mean that we can take full advantage of this, even in other cryptocurrencies such as those found in Hive Blockchain or the one of your choice.

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