QuasarStorm
Wed Jul 17 2024
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5 answers
901
Why do people use crypto during an economic collapse?
In the midst of an economic collapse, why do individuals and businesses alike turn to cryptocurrency? Could it be the decentralized nature of crypto, offering a refuge from the instability of traditional financial institutions? Or perhaps it's the perceived anonymity and security that crypto provides, allowing transactions to occur without the fear of being tracked or frozen? Additionally, does the limited supply of certain cryptocurrencies, such as Bitcoin, make them a viable hedge against inflation during tumultuous economic times? Understanding the motivations behind crypto adoption during an economic downturn could provide valuable insights into the future of digital currencies and their role in the global financial system.
