Will Bitcoin Be The World's Financial Crisis Savior?
The world is already in a Financial mess, with the global debt hitting a new record at $247 trillion in the first quarter of the year 2018. And according to a report from the Institute of International Finance (IIF), the debt-to-gross domestic product (GDP) ratio has exceeded 318 percent, marking its first quarterly rise in two years.
And a Global Recession predicted to come upon us in the year 2020 with reports that governments worldwide have not found a way or the right tool to combat this predicted financial crisis.
It is obvious that the current financial system is doomed!
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You can read about the predictions on various media giant's websites below:
https://www.theguardian.com/business/2018/sep/13/recession-2020-financial-crisis-nouriel-roubini
http://fortune.com/2018/11/21/us-economy-slow-2019-recession-2020-economist-forecast/
After reading those reports, and researching more about the possibility of a Global Recession in the nearer future and finding a means to protect me financially, I came across a video Interview on Youtube of one Tyler Jenks who claims to have forty years of experience as a professional financial advisor.
After Googling about him, I found him on Twitter with his account's bio as:
"President of Lucid Investment with over 40 years experience in financial markets. Devoted to analyzing Bitcoin and Cryptos. The host of Hyperwave Web Series."
You can follow him on Twitter here https://twitter.com/lucidinvestment
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In the Youtube video interview, Tyler Jenks discussed in details how Bitcoin is one of the major possible solutions to solve the enormous debt problem the bankers have created over the last century.
Tyler also shares his view about why he thinks Bitcoin needs to go to $1000 first, and then to $100 million to be able to take on that leadership role of a savior that many people believe Bitcoin has the potential to become.
You can watch the full video below
Do you think Bitcoin can take on the savior role in the predicted global recession of 2020? What is your view on this? Please write a comment below.
P.S: Every meaningful comment will get an upvote from me, and all silly comments will be ignored.
P.P.S: I believe Bitcoin would experience a bull run around this period as more people would be looking for an avenue to protect their funds.
P.P.P.S: This is not financial advice of any sort, please do your own research before investing in any crypto project.
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