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British Economist Bernard Connolly Says Bitcoin Bubble Could Lead to Hyperinflation
Summary: British economist Bernard Connolly in a recently published article, titled, “How a Bitcoin Bubble Could Lead to Hyperinflation” criticized bitcoin against its potential to offset inflation. As per the economist, different institutions must play their part to stop the “crypto bubble” before it’s too late. Connolly also provided an interesting perspective in relation to Bitcoin ...
British economist Bernard Connolly in a recently published article, titled, “How a Bitcoin Bubble Could Lead to Hyperinflation” criticized bitcoin against its potential to offset inflation. As per the economist, different institutions must play their part to stop the “crypto bubble” before it’s too late.
Connolly also provided an interesting perspective in relation to Bitcoin by stating,“Bitcoin will appreciate to infinity, or it won’t. There is no middle ground.”He also said, “But if the bubble keeps growing, they must grasp the nettle and inflict losses now, or face a future sharp-elbowed scramble to convert crypto holdings into goods and services, which will produce hyperinflation and destroy society.”
By Amy Liu
Tags: Bernard Connolly,Bitcoin Bubble,hyperinflation
Link: British Economist Bernard Connolly Says Bitcoin Bubble Could Lead to Hyperinflation [Copy]
