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If you have no crypto assets yet, here are the coins I recommend for long-term holding, to make sure you end-up making profits in time!

If you have no crypto assets yet, here are the coins I recommend for long-term holding, to make sure you end-up making profits in time!

THE PROBLEM WITH FIAT In reality, any money controlled by a central bank is not truly sound, when you consider the big picture. Generally speaking, governments have created monetary systems that allow them to manipulate the supply of their country’s money

Byvaibhav kumar mishra

Bitcoin’s beautifully designed characteristics mean it is poised to have an impact in people’s lives in the most unstable economies (like Argentina and Venezuela, for example), where the government heavily manipulates its money. As a brief primer, countries like Venezuela and Argentina have experienced times where their governments printed so much of their own currency that their citizens were not able to spend it fast enough before it would lose value. This has happened multiple times in each country and, as a result, their entire monetary systems fell apart, and affected citizens had to find an alternative medium of exchange. People are entitled to freedom as a human right, and governments who ruin their own money arguably take away their people’s economic freedom. Their access to the same economic opportunities as the rest of the world is virtually non-existent, and thus the greatest thing they desire is a currency that can’t be controlled by a reckless central authority. In 1912, Ludwig von Mises, a renowned Austrian economist, wrote in The Theory of Money and Credit that sound money “has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange. It is negative in obstructing the government’s propensity to meddle with the currency system.”

Details

Publication Date
Sep 26, 2022
Language
English
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): vaibhav kumar mishra

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Format
PDF

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