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by vanusa
1635 days ago
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For example, El Salvador recently made Bitcoin legal tender. The government has proclaimed BTC as legal tender. Whether people will actually use it is another matter. Current indications are this move is wildly unpopular and its adoption is floundering. In Venezuela it's in everyday use In a country with a truly basket-case economy like Venezuela I can imagine BTC making some sort of sense. |
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4x supply over the past 20 years is a crude average of about 7.5% inflation per year. Even worse, it's exponential.
[0] https://fred.stlouisfed.org/series/WM2NS