Lugano and El Salvador Lead Bitcoin Adoption, Others to Follow? - BitcoinEthereumNews.com
But, why have countries and cities started adopting Bitcoin as legal tender? What are the loopholes in the current financial system? Are other countries taking a leaf out of El Salvadors book? “Bitcoin might be a potential ‘way out’ in an inflationary economy to preserve existing assets,” Marc P. Bernegger, the Co-Founder of the Crypto Fund AltAlpha Digital, said. In addition, Bernegger believes that the current macro-economic environment is unstable. Commenting on the loopholes in the global financial system, he said: “More and more investors question the sustainability of our actual monetary system, especially after the massive money printing due to COVID.” संबंधित सामग्री Alternative Asset According to the basic definition, alternative assets are those assets that are not suitable enough to fit into the categories of stocks, bonds, and cash. While Bitcoin started its journey as a ‘risky asset’ which some people believe it still is, BTC has established itself as probably the most important alternative asset in the past few years. Bernegger said that the recent economic crisis and skyrocketing inflation have ‘pushed’ investors to look into alternative assets like Bitcoin. The rising interest from institutions has contributed a lot towards the already increasing adoption of the worlds most valuable digital asset. Bitcoins