The expert believes that traditional currencies are gradually losing their value due to growing public debt, political uncertainty and inflationary pressure. In his opinion, Bitcoin, as a decentralized asset with a fixed offer of 21 million coins, becomes a reliable way to preserve capital in conditions of growing economic instability.
“If you live in a country where taxes are inevitably growing due to high deficits, and a reduction in expenses is not carried out, or in a country where your wealth is constantly depreciated due to high inflation, storage of funds in external money, such as bitcoin, becomes more logical than ever. Bitcoin is perfect external money, ”said Shapiro.
The founder of Skybridge Capital Anthony Scaramucci also shares the interpretation of bitcoin as a form of “external money”. He expects that in the future the number of Bitcoin owners can reach a billion people, which will give many people the opportunity to protect their savings, since governments cannot manipulate bitcoin, as they do with fiat currencies.
The CNBC CNBC CNBC, the CNBC television interview in an interview with CNBC, said that Bitcoin’s adoption by a population of a number of countries, is partially connected with people’s attempts to protect themselves from the devaluation of national currencies and insurance against politically unstable regimes.
Source: Bits
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