If we hit a 1929-type depression in the next few years - and fiat becomes meaningless as in 1929, what will we use to exchange value? I think it could be Bitcoin - or possibly some other crypto(s). I can't say it won't be Ethereum .
Some argue that 1929 is gone and the scenario would never happen again. I'm not so sure. When I look at the factors that contributed to 1929, I'm seeing them right now as the COVID-crisis evolves.
This post does not mean that you should rush out and purchase or invest in Bitcoin or cryptos.
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