The economic situation in the USA is deteriorating: unemployment is rising while interest rates remain high. In this context, cryptocurrency gains significance as an alternative financial system.
The Economic Trap
The current economic setup in the USA resembles historical moments when unemployment rises alongside high interest rates, creating challenging conditions for traditional financial institutions. Projections indicate unemployment may reach 4.5%.
Inflation Tax on Employment
The combination of high interest rates and rising unemployment leads to stagflation, impacting the purchasing power of workers. This hinders access to housing and significantly complicates financial situations for workers. The housing market shows rising prices with increased mortgage rates, jeopardizing home buying possibilities.
Crypto as Economic Insurance
Cryptocurrency is becoming increasingly relevant as an alternative to traditional financial systems. Decentralized finance protocols provide income opportunities independent of traditional employers. Bitcoin and Ethereum show clear advantages as inflation hedges and access points to global markets.
Cryptocurrency offers alternative solutions amidst economic instability, enabling Americans to protect their savings and secure income in difficult times.
