The crypto market we know today was engendered after a time of uncertainty in the world economic system, excessive inflation and a crisis generated by the ingestion of money (mass printing) that could not be justified, while industry and commerce could not support it! As a result, there was a lot of money in circulation but it had little acquisition value which constitutes market inflation.

One of the biggest causes of financial problems are world-wide diseases, such as COVID-19, which forced many countries to go into debt as a way of relieving their citizens who had to be confined, not allowing them to go to work or exercise any kind of presencial activity and, as a result, many industries closed, jobs extinguished and a situation of public calamity lifted. As if that wasn't enough, corruption in governments, mainly in the third world, has led in many parts of the world to the amount of relief granted for the pandemic having an improper destination, instead of being used to alleviate the suffering of the people, it was used as "blue bag" of many rulers and their families sending the mass population to despair and causing a wave of unprecedented suffering and financial crisis without measure.

**blue bag is the amount granted to government officials, in my country, which is intended to serve as a bonus for an activity carried out .

From 2019 to 2022 the world was on the verge of an unprecedented global financial crisis caused by the diseases that ravaged the world, the corruption ingrained in the societies of the world and finally the conflict led by Russia when invaded Ukraine. This last factor has already begun to reflect in people's lives, largely because of the essential product they produce, oil and natural gas!

The most cherished world

After the invasion of Ukraine by Russia, the world went into a routine of reverse gear and the raw material market was totally shaken, being one of the reasons for such, sanctions imposed by the West against Russia that now include oil and gas produced and exported by the country. This sanction meant that the sudden supply caused the price of essential material in many parts of the world to skyrocket, since the region today ravaged by war is also a major producer of grains and metals, having a strategic role in the international market of essential products.

Both Russia and Ukraine, in addition of producing oil and gas and consequently exporting the product, are also responsible for exporting wheat and cereals, coal, gold and an infinite range of metals that the world needs.

The invasion not only caused the price of essential material for the production of essential products to increase, but also contributed to the internal supply being affected, causing a calamity situation mainly faced in the poorest countries in the world, as they depend on a large scale on import products such as fuels and grains to be applied in agriculture.

Everything has become more expensive and gradually affects the life of citizens! Money itself is not much use to buy basic necessities, the world went into crisis but wages and the cost of living got even worse. The salary was already thin and today it is not enough to buy a liter of fuel, for example, the liter that used to cost $1 and a few cents today is almost $2 and with a tendency to go up. The 25 kg rice, which at the beginning of the year was around 19 dollars, now costs more than 26 dollars and tends to cost even more! All these are still essential products that, without them, any country would literally stop.

Solution

It's clear that fiat money will not be ideal to combat the moment of price increase that the world is experiencing, governments will continue to print more and more money to justify injection of capital into the market, but industries and the local economy do not justify this impression and, if not justified, in a short time a lot of money will be flowing in the market but the purchasing power will be relatively low, and we will have an unprecedented super-inflation in sight.

This is where utility cryptocurrencies play a major role- Bitcoin Cash!

O Bitcoin Cash

The 2008 financial crisis resulted in the creation of Bitcoin by Satoshi Nakamoto, and one of the fundamentals that led him to do so, was that it empowered the user to make transactions without depending on a third party as an intermediary to mediate the same, creating what it is now one of the largest decentralized economies in the world. The crypto economy is a multi-billion dollars industry and that in the recent world can certainly change the fate of the world.

The conflict caused by Russia against Ukraine led the western world led by the United States of America, to open sanctions with the aim of driving the country to despair and thinking about ending the invasion for fear that the economy would collapse. However, Russia has not backed down and has categorically stated that it has a plan to continue exporting the product it produces and countries that intend to buy can do so by paying in cryptocurrencies.

The Russian ruble in this period of conflict, instead of losing purchasing power against the US dollar, which is the main currency used in worldwide transactions, gained one of the greatest advantages ever seen, that is, the Russian ruble nowadays has purchasing power even greater than when the conflict did not exist. As they cannot use the dollar to sell the basic product the world needs as a raw material they plan to receive payments using crypto which could change the market and cryptocurrencies with utility being at the forefront of adoption.

Bitcoin Core may even serve in transactions but it will be Bitcoin Cash that will be used for day-to-day transactions in territories where fiat money cannot be used because of sanctions and consequent loss of interest by, for example, merchants who still want to raise sufficient value for their products. Bitcoin Cash serves this purpose and allows users to make payments in person and offline anywhere in the world, paying little cents quickly and safely, serving very well as a payment method for both bulk and small products.

Taking note!

It is necessary to realize that Bitcoin Cash is useful in acquiring goods and paying for services, however, there is still a lot to be done for the currency to be used and recognized worldwide. It is necessary not only to write about it but also to invest in promotion, marketing strategy where engagement will become remarkable.

The human being has a habit of wanting to see first, then join, he doesn't believe before seeing the currency in action and, from my own experience, I've come across cases in this sense where people even when I sent Bitcoin Cash to them later asked " And now what do I do with it?" It's a legitimate question because even though the crypto world is gaining notoriety, a lot of people still don't see it with good eyes! There are those who think that is a scam, others ignore the teachings, others pretend to understand to leave them alone and this behavior continues!

Bitcoin Cash works, I know and many do too, but the world is big and full of different people where in certain regions there are people who truly accept it (favorable), others who refuse it (unfavorable)! I do onboarding and have faced many situations on the ground, people are really complicated, but what motivates to continue onboard is the perception that Bitcoin Cash is indispensable for modern man.

Summary,

The world is heading towards a financial abyss caused by human greed, the invasion registered at the beginning of the year involving Russia and Ukraine demonstrated that the world is not safe and that whoever has the greatest war power can invade a sovereign nation for not agreeing with the policy that the other country decided to choose. This behavior is truly dangerous as it not only undermines democracy and sovereignty among peoples but also makes the world a more expensive place, driving nations that depend on imports to despair.

The involvement of cryptocurrencies as a means of payment for exported products constitutes an opening to the use of Bitcoin Cash as it is supposed to, but it also opens the door to another problem, the adhesion to the decentralized world of sovereign nations, which greatly contradicts the assumptions written by Nakamoto. However, we can see that utility cryptocurrencies are the ones that in a conflicting world will have greater adherence, because if they can be used in payments that really serve the interests of man, they will surely be adopted.

The global macro-economic environment allows Bitcoin Cash to be used and adopted in many regions of the world where people will use it to purchase goods and pay for services, however, there is still a lot of work to be done to ensure that it is recognized as digital cash a truly peer-to-peer decentralized digital money that the world needs in good and bad times.

Support my Flipstarter campaign to build my home using Bitcoin Cash here:

https://bafybeigd5ktmlgpm3puqk3ieyhi4sxmf5tiyqv2onipwsoxi7u6iepfavi.ipfs.flipstarter.me/#/

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