With mammoth amounts of government spending already underway and even more on the horizon, an inflation crisis—higher prices and far higher interest rates—is coming.
What can be done?
This episode of What’s Ahead puts forth a tantalizing possibility: a new kind of cryptocurrency that can actually act like the money we use every day instead of like a speculative toy, which is what almost all cryptos are currently.
The catalyst could be a country like Argentina, which once again is in the grips of a terrible inflation and where the U.S. dollar is the de facto currency. Out of desperation, entrepreneurs may finally realize the purpose of a crypto is not to soar in value but to be a stable thing that people can easily use for transactions, including long-term contracts. In other words, a workable, trustworthy alternative to government money.
The time is approaching when cryptocurrencies will be kryptonite to government currencies.
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March 11, 2021 at 06:00PM
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The New Digital Currency That Could Save The Global Economy - Forbes
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