News Hard to confiscate & easy to use: Bitcoin is...

Hard to confiscate & easy to use: Bitcoin is better than fiat money

-

- Advertisment -

While the ‘mainstream’ global economy is struggling with deflation and negative interest rates ‘insanity,’ bitcoin seems to be entering the stage as an answer to economic problems, an expert has told RT.

Bonds are a bubble,” Australia-based bitcoin podcaster Stephan Livera told RT’s Keiser Report, stating the same about fiat money and even overvalued stocks. He claims the only thing that’s not in a bubble is bitcoin.

Bitcoin is the answer to these bubbles. They offer cheap and available credit opportunity, while under the hard money such as the gold or bitcoin standard, we would see much less credit available and more of a true pricing,” Livera explains, noting that this is the major advantage of bitcoin in the long run, when people want to see their wealth safely stored and not easily wasted.

Livera is an adept of the Austrian school of economics, which states that prices are distributed by subjective factors like a person’s preference to buy or not to buy a particular good. He says bitcoin is the money of the future, which will help eliminate the trouble with existing mainstream economics – over time.

From an Austrian economics point of view, one can explain why fixed money supply is not necessarily a problem, and why problems like deflation and so on in the mainstream economics point of view are not such a problem within the Austrian economics. I call it the bitcoin Austrian perspective,” the expert said.

Source

Hard to confiscate & easy to use: Bitcoin is better than fiat money
Russia Todayhttps://www.rt.com
RT creates news with an edge for viewers who want to Question More. RT covers stories overlooked by the mainstream media, provides alternative perspectives on current affairs, and acquaints international audiences with a Russian viewpoint on major global events.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Bitcoin and Other Cryptocurrencies – How Their Values Fluctuate

Are you interested in knowing more about Cryptocurrencies? Have you been surprised by the value of Bitcoin...

Understanding The Viability of Blockchain in Supply Chain Management

With the advent of modern technology, the business dynamics of various industries have evolved and transformed in...

Top 7 Porn Sites That Accept Bitcoin/Crypto

Bitcoin and other cryptocurrencies are not that exotic anymore. Ever since the big boom on the crypto...

“Chinachain” aims to connect hundreds of cities across China. Will it work?

If there’s ever a “Chinachain” for business, sanctified and supported by the state, the BSN ( Blockchain...
- Advertisement -

Top 10 BEST Crypto Trading Books for New Traders (2020)

We may receive a small revenue share if you purchase something from this guide - with...

Crypto Firm That Connects Exchanges and Banks Receives $5m Investment From Wells Fargo

Cryptocurrency startup Elliptic recently held a Series B funding round which was joined by a venture arm...

Must read

Bitcoin and Other Cryptocurrencies – How Their Values Fluctuate

Are you interested in knowing more about...

Understanding The Viability of Blockchain in Supply Chain Management

With the advent of modern technology, the...
- Advertisement -Hard to confiscate & easy to use: Bitcoin is better than fiat moneyHard to confiscate & easy to use: Bitcoin is better than fiat money

You might also likeRELATED
Recommended to you