Bitcoin to the rescue
5 Reasons Bitcoin Is Better Than Cash During Economic Hardship
A currency that is resistant to a crisis is ideal.
During economic fluctuations, we feel nervous about our finances. It gets downright terrifying when an unforeseen disaster or crisis sweeps the globe and throws everyone off their game.
Money is scary at times like this. Here are 5 reasons Bitcoin is a more suitable currency for modern times.
1. Bitcoin doesn’t close its doors- ever. When disaster strikes or we find ourselves in crisis, there is always the risk of banks closing the doors. In the world of traditional banking, operating hours change frequently. There is no guarantee that you will be able to meet with your banker. The person who is in charge of storing your money might be ordered to stay home.
2. Bitcoin is clean. Bitcoin is an electronic cash system. The funds on a blockchain never physically touch anyone or anything, so there are no germs to worry about. No sanitizing hand-gel is needed to transact digitally.
3. Bitcoin resists economic collapse. When we have all our finances tied up in banks, there are multiple hands in the cookie jar before you get your cookie. When governments struggle, interest rates rise, lending laws…
