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The ability of Bitcoin to resist inflation makes it an automatic safe haven for embattled economies like Venezuela’s and Nigeria’s.
Bitcoin price rose in its top African market this week, experts expect Venezuela to follow with its projected 1,500% inflation.
The Bitcoin monetary inflation rate decreased from 30~50% in 2011 to 4% this year, demonstrating the rapid mainstream adoption of the cryptocurrency in various markets.
Growing digital currency, Dash, has joined Bitcoin, due to soaring demand, as a part of a payment network that will benefit thousands of people suffering from Venezuela’s failing national economy.
National debt and central banking slowly drain people of wealth. What if, instead of national debt, we were able to use cryptocurrency to give people equity?
As Japan readings a massive inflationary stimulus spending program, Bitcoin’s attractiveness as a hedge against the yen grows.
Fearing that cataclysmic hyperinflation could occur at any moment, Alan Greenspan, former Chairman of the United States Federal Reserve, urges a return to sound money, specifically the gold standard. Bitcoin does the trick too.
A recent survey by The Zimbabwe Standard showed that a number of banks in the central business district of the country’s capital, Harare, had long queues to withdraw cash with others running out of cash by midday.
Argentina’s new president, Mauricio Macri, is good news for the legal status of Bitcoin in the country.
It's no secret how the world's economy works - it's a balance of supply a demand. Little money is bad; a lot of money is bad; but it's always necessary to print more so that a dollar will buy what it did yesterday, adjusted for inflation.
For outsiders, Venezuela is a big unknown. For insiders, the country is a subsidiary of economic hell. Everybody knows Venezuela’s struck with hyperinflation, but that’s like knowing someone with Ebola has a fever.
CoinBit.me is a new Bitcoin platform that was launched in Malaysia in April. Since its inception, 17,800 registered users from all around the world have signed up.
It is time to reveal the top five reasons why bitcoins are superior to dollars, both now, and in the future.
The never ending tragedy known as the Eurozone is flirting with disaster and the unknown consequences of what would happen if Greece is ejected by brute force or leaves by sheer will from the EU.
While the hyperinflationary episode technically peaked in Zimbabwe in 2008, its national fiat currency has finally reached its painful end.
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