Bitcoin 
Ethereum 
Tether 
BNB 
USD Coin 
XRP 
Lido Staked Ether 
Cardano 
Dogecoin 
Polygon 
Solana 
Litecoin 
TRON 
Polkadot 
Binance USD 
Shiba Inu 
Avalanche 
Dai 
Wrapped Bitcoin 
Uniswap 
Chainlink 
LEO Token 
Cosmos Hub 
OKB 
Monero 
Toncoin 
Ethereum Classic 
Stellar 
Bitcoin Cash 
TrueUSD 
Internet Computer 
Filecoin 
Lido DAO 
Aptos 
Quant 
Hedera 
Cronos 
Arbitrum 
VeChain 
NEAR Protocol 
The Graph 
ApeCoin 
Algorand 
The Sandbox 
Pax Dollar 
Frax 
Edgecoin 
EOS 
Rocket Pool 
MultiversX Bitcoin Is A Safety Net When Fiat Currencies Collapse
Listen To The Episode Here:
In this week’s episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz discuss current worldwide events. Wilson discusses how bitcoin has recently been a safety net. Olszewicz states, “Currencies appear to be collapsing on the government’s management. Japan and England have been a complete mess.” The pound is currently at an all-time low, along with many other currencies. Bond markets are doing historically worse than they ever have. Olszewicz says, “It does not make sense to me why the pound is up if England has been printing money and buying their own bonds.”
Wilson explains that all of the national banks lean into each other for stabilization. As trends change, we typically see a 5% or 10% wick over a long period of time. Now we are seeing 20-30% riffs, where the dollar is up 30% against these other currencies in a very short period of time. People are generally unaware of how interlinked all of the central banks are.
Wilson goes on to talk about risk as an investor. “When you are an investor, you want to put your money in a diversified portfolio of risk so you are not all risk, all the time. Bitcoin does not have a yield or natural interest rate so you have to manage your cash flow in order to operate. The problem is that during inflation, your cash flow is being burned much faster than you want.” Wilson believes that inflation is here to stay for quite a while.
Wilson and Olszewicz discuss using bitcoin as a transaction method. “If you want to do a transaction, you can buy bitcoin, send it to someone and they can sell it for cash right away. There is very little volatility between transaction periods. You can decide to exchange it all for cash or you could take a fraction in bitcoin and the rest in cash.” Olszewicz says that bitcoin is “an off-ramp for all of the central banking mismanagement.”
Read More: Bitcoin Is A Safety Net When Fiat Currencies Collapse
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.