A CIA World Factbook entry listing nations’ current account balances shows that big economies and near-failed states share something in common – massive debt. This liability making them strong cases for hyperbitcoinization, which could be exacerbated by an anticipated global economic slowdown.
Also read: Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization
Debt-Ridden Economies Prime Cases for Hyperbitcoinization
Hyberbitcoinization theorists have little faith in the fiat establishment. They believe that state authorities, who control national currencies, will erode them to a point where citizens will be forced to ditch them for bitcoin, resulting in entire countries being powered by peer-to-peer ...
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