You are viewing a single comment's thread from:

RE: Tokyo Office Building Sells For 547 Bitcoin

in #bitcoin7 years ago

To Japan, crypto was a godsend. They were mired in a couple decade long deflationary spiral. Even Abenomics couldnt save them.

Bitcoin provided them with a currency with some inflationary attributes which helped those holding BTC. It finally allowed people to hold onto something for a while and not lose all the purchasing power by the time someone went to the bank.

Ironically, the fiat being so bad is what made BTC appear so good...in spite of its limitations.

Could the dollar be next?

Sort:  

I believe I saw a video post talking about the slow decline of the dollar, so I wouldn't doubt it, I just don't think most people are ready for it or seeing it happen, we're too distracted as a country and most people don't believe the dollar could weaken

Apologies for interfering but encryption can not be stopped it's decentralized friends o ear currency

New Year and New Advocacy

Godsend!!haha may be u r right.