In This Present Economic Situation Bitcoin Is Still Favorable
In the modern day financial world, bitcoin has become more relevant in the context of the traditional financial method. The current large scale micro setup forming for bitcoin, is said to be attributed to the Untied States economy which is in a position where it has to issue more dollars to service it's debt.
Clemente whom happens to be an economic analyst says that- Why would you not just continue debasing the debt away? At this point, we have continued to do so for so long that the amount of debt we’ve accumulated relative to GDP (gross domestic product) leaves only one realistic option to avoid defaulting, which is monetary debasement.
Many would consider the structure of what the US is doing to be a Ponzi scheme, as they issue debt that’s paid down by issuing more monetary units and newly issued debt.
The continuous printing of money which is the Feds Reserve method of combating with inflation out of all the risk asset class bitcoin will still remain the best performing risk asset class.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
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Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
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