If you’ve browsed our issues over the past two weeks, you’ll see two stories popping up a few times: the rise of inflation and the acceptance of Bitcoin (BTC, Tech/Adoption Grade “A-”) as legal tender.
In this week’s Weiss Crypto Sunday Special, host Chris Coney picks the mind of analyst and contributing editor of Undiscovered Cryptos Marija Matic about the ramifications of both events on the King of Crypto.
As Marija puts it:
[Bitcoin is] a great way to send remittances and to have it as a store value, especially since it's deflationary compared to [the] dollar, which is quite inflationary. So, in the long term, people have a reason to bet on Bitcoin that its value will grow. I think it's very important that the countries do have this hedge, do have this option, [for] their citizens.
In their timely discussion, Chris and Marija delve into:
• The practicality of using Bitcoin as legal currency.
• The impact of Bitcoin’s predictable monetary policy vs. the unpredictability of central bank monetary policy.
• The possibility of other countries following in El Salvador’s footsteps and roadblocks to adoption of that scale.
And more!
I highly recommend you watch their full conversation now.
Best,
Beth Canova
Managing Editor
