Introduction
In 2019, Citibank published a report, which stated that the world was sitting on a debt pile unlike ever before. Just to blow your mind with certain figures, you are looking at a cumulative debt pile of more than $250 Trillion Dollars!
If you thought that was high, wait till you hear what the Coronavirus pandemic has done to that. According to leading experts, with failing economies, rising bad debts brought upon by lockdowns and closures, the world is looking at a debt pool of more than $400 Trillion!
This is far worse than the figures, which brought upon the 2007-08 Financial Crisis and even the Great Depression. You must have heard it on the news how every major economy from Japan to the United States are going through periods of recession.
These countries are also the ones, which are sitting on the biggest debts in the world. A crisis is in the works, but this time around, there is a credible solution.
Why are we staring at a Global Financial Crisis in 2021?
The interconnectedness of debt is something that is playing a major role in amplifying the problem. For example, one student loan repayment failure is linked to so many other asset bases, that one default can offset the entire chain of repayments.
The COVID-19 Pandemic and the ensuing lockdowns made it impossible for global finance to flourish in 2020. Industries like travel, aviation, and other virtually closed shop leading to trillions of dollars in revenue and millions of lay-offs.
However, even after the lockdown has been removed, countries and economies continue to suffer because of falling consumer demand. The vaccine distribution plan expected to cost exchequers all over the world trillions more will necessitate heavy government borrowing.
Different countries and governments are trying to provide aid and relief to individuals and businesses affected by the pandemic. The vast printing of notes is contributing to rising inflation rates and a falling currency.
Can Cryptocurrencies help us protect our Assets and Investments?
The same experts who once were critical of bitcoin price fluctuations are now the ones calling for its adoption as a hedge against inflation. Like gold, Bitcoin has emerged as one of the safest and most powerful stores of value for the world. If required, you can refer to the information on this website https://click-moneysystem.com to get a better insight into it.
If the recent performance of Bitcoin during the pandemic is anything to go by, it would be safe to say that you are looking at an asset, which promises security as well as high growth.
Almost all the other assets, from real estate to stocks took a bad tumble during the pandemic. While there are some definite signs of recovery now, it is nowhere as great as compared to Bitcoins or other cryptocurrencies.
This is why many experts are of the view that the impending 2021 Global Financial Crisis can be survived if you are investing in Bitcoins and other cryptocurrencies. Most individuals and families who already started their retail investor journeys with Bitcoin during the pandemic are vouching for its credibility, returns, and security.
Why you should start Investing in Bitcoins today?
Do you know what happens when there is a global financial crisis? Homes, which were worth millions come down to a few thousand on the market. People lose jobs, banks eat away at your savings, and the prices of essentials reach sky high.
A loaf of bread, which costs one dollar is likely to be priced at least five dollars using the financial crash. It is important for people to protect the value of their assets by investing in Bitcoins. The obvious advantages of growth and profits are always there.
Just like gold rises in value whenever inflation rises and acts as a safety to your investments, so too can Bitcoin perform the same function, albeit in a much better way.
There is no doubt that we are facing a major financial crisis in the near future. The recent oil price falls, global GDP drops and the impending vaccine distribution plans are all going to be major strains on the world’s financial systems.
