Sri Lanka is Just the Beginning — More Defaults Are Coming & Perhaps Another Case for Bitcoin

Photo by nikko macaspac on Unsplash

During the first two weeks of April, 2022, Sri Lanka defaulted on its debt for the first time since the island country declared its independence — almost 75 years ago. To seasoned economists, this likely wasn’t a surprise — as the signs of debt default were all there, with its occurrence likely more a matter of when, and not if.