Re:Turkey Bans Cryptocurrency Payments
by aeternum on Sunday April 18, 2021 @01:38PM
(#26854562)
The average person definitely doesn't want to use bitcoin, but they also do not want their savings & spending money to devalue.
Debt levels are quite high, so governments must either continue expanding the money supply or must increase interest rates and bankrupt a significant proportion of citizens. It's not an easy choice and throughout history most governments have chosen the devaluation path.
Debt levels are quite high, so governments must either continue expanding the money supply or must increase interest rates and bankrupt a significant proportion of citizens. It's not an easy choice and throughout history most governments have chosen the devaluation path.