group of crypto influencers have shared their take on bitcoin’s future, as well as the future of the global macro economy, The Daily Hodl reported.
In a new episode of the What Bitcoin Did podcast, Nic Carter, Tuur Demeester, Robert Breedlove and Alex Leishman agree that a widespread economic shift is brewing around the world, which will ultimately benefit the top crypto.
Carter, a partner at Castle Island Ventures, says he thinks a cascade of currency failures is coming over the next two years.
“What I think is likely to happen in the next 24 months is a wave of sovereign currency failures similar to the Asian financial crisis in the late ’90s, similar to the post Soviet Union, when a lot of sovereign currencies failed. You see it at times of dollar strength. You see it at times of global dislocation. It’s regional. It’s contagious.
We’ve begun to see some distress in some sovereign currencies when there’s a lot of debt. The world is very indebted in emerging markets and unfortunately, I think it’s going to immiserate tens or hundreds of millions of people. And for some of those people, they will be able to use crypto financial rails to exit their sovereign local currency and they can go to Bitcoin. They can go to the US dollar. There are stablecoins on these rails. So I think this is going to be a big story for the next year.”