Hyperbitcoinization: Failing Fiat Economies Push Bitcoin Adoption
Hyperbitcoinization: For Bitcoin idealists, the coming utopia for global finance starts with BTC dismantling the fiat hegemony.
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Hyperbitcoinization: For Bitcoin idealists, the coming utopia for global finance starts with BTC dismantling the fiat hegemony.
MoneyWeek bitcoin cover story illustration After the 2008 financial crisis, money printing by central banks (in the form of quantitative easing) went from being an unthinkable emergency intervention to a bog-standard policy tool. So when the coronavirus outbreak went global in spring, the authorities simply turned on the taps again, flooding markets with money. As much as a quarter of all US dollars in existence today were printed in 2020. As a result share prices are rocketing, real estate prices are rocketing, and commodities prices are rocketing. It’s the stuff of what Austrian school ec...