Which One of These 5 Hyperinflating Economies Will Adopt Bitcoin in 2017? (The Cryptoverse #175)
On Today's Episode Of The Cryptoverse:
Fourteen countries have inflation levels above 18 percent right now, 10 of which are rising at press time. Bitcoin prices and new user adoption have spiked several times in the past during economic turmoil such as banking bailouts and hyperinflation. Which will choose Bitcoin as the solution?
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I assume these uploads must be automated @marketingmonk, because they arrive exactly as I sit at my desk each morning. :-) Which I enjoy, by the way. It then becomes part of my routine.
Honestly no. I create the Steemit post with my very own hands each day. The fact that we are in sync is weird because the time I publish varies slightly from day to day!
It's good fortune then. :-D
I appreciate your posts to SteemIt! It gives me a chance to thank you twice, once on YouTube and again on SteemIt.
Your videos and posts are always on great and relevant subjects packed full of information.
Steem on,
Mike
I appreciate you putting in double the effort Mike :)
Great question! Unfortunately, i think none of them...unfortunately for the people of these countries, that is. More technically savvy individuals in these countries with the means to diversify out are likely already experimenting with Bitcoin, but i imagine they are a minority and there's little chance any of their governments will relinquish monetary control. Luckily for everyone in the world, it's unnecessary for an entire country/government to adopt Bitcoin; anyone can do so whenever they want. Our job in this community is to make those opportunities more easily available to the most distressed around the world.
I agree. I think we only need about 10% of the global population to adopt something for it to cause a revolution.
I think cryptocurrencies in general have to mature a lot more before you can hope to have that kind of mass adoption. It's too hard to use and to easy to lose everything if you don't have a certain technical proficiency which many people do not have.
Those are very good points. I agree it's so easy for a non-tech savvy user to accidentally lose all of their money.