Inflation, Depth, EC Bank and Crypto

in LeoFinance4 months ago (edited)

Inflation

Two days ago I stumbled upon this video explaining what inflation is brilliantly for non-financial experts. I recommend watching it carefully as is an extraordinary way to understand what it is and how affects everyone.


World Depth

I have shared this chart before but it keeps coming to my mind everytime I have to explain to someone what is depth. It amazes anyone not understanding the concept and pictures how unsustainable the global economy is. Click this link and watch how the numbers go up.

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European Central Bank

It published a post and the corresponding tweet about how Bitcoin has failed as a global decentralized currency. Similar arguments can be found by most of the banking institutions several years ago, last month they launched Bitcoin ETFs and are offering it to their customers.

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Here's the full blog post from the European Central Bank.

You can argue that BTC has failed not to become a global currency, but what you cannot deny is the fact that the world is moving into crypto and central banks as the ECB will not be able to stop them as more and more people are starting to learn how they get their money stolen.. Governments and central banks are starting to feel nervous as they realize they have lost the race

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