--

Very well said, Bruce.

I'd also add that since a fiat currency is backed by a state that has assets. If Albania goes bankrupt, it can at least sell a chunk of waterfront park and a few military planes. Crypto is all myth and trust and hope.

Thanks for the read and the well-thought-out words.

--

--

Mitchell Peterson
Mitchell Peterson

Written by Mitchell Peterson

Freelance writer in his tenth year outside the US. Currently in rural Spain writing the Substack bestseller and soon-to-be book, 18 Uncles.

No responses yet