Sirlibz
Cryptocurrency expert and Bitcoin Maximalist Pomp in the recent live stream on YouTube has advised that people get out of cash. He urges them to get into Bitcoin or invest into assets that are sure to grow in value over a long period of time.
“There is devaluation of currency. The whole secret to building wealth is to get out of cash and get into assets that are denominated in dollars that will continue to go up in value over long periods of time- Stocks, real estate, gold, Bitcoin, all this stuff – stated Pomp on his live stream on the 18th of July.
The Pandemic on the Economy
The global pandemic Covid-19 has at one time collapsed a lot of the economy, some are still struggling to get back up. The US government and other governments have been printing and giving away Fiat money in a bid to stabilize the country’s economy and help restore order.
The more money they print, the higher the chance of inflation, and it is possible that they are not going to stop soon because unlike the cryptocurrency, fiat can be printed to an infinite amount.
