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RE: Will The Banks Spur On The Next Crypto Bull Run?

in #btuniverse5 years ago

Thanks for sharing your thoughts, @btuniverse.

This is why we choose crypto, as their decentralised nature means that all persons in the world, regardless of who, where, or what they are, can have equal and unadulterated access to the financial system.

The big worry here, is that the world economy is slowing down, and there is a pretense from bigwigs that everything is fine. The fundamentals of the economy (i.e. corporate earnings, wealth inequality, wage growth, employment, inflation), are slowly eroding.

Yet, rather than fix those fundamentals for long-term stable growth, central banks are using artificial inflationary/deflationary tactics instead, which is only able to act well as short-term stop gap measures.

What happens then, when the central banks run out of options, and the fundamentals remain weak?