3. Is Bitcoin a long term viable solution to either: a. Replace reserve currencies. b. Hedge your own wealth against inflation. (store your money in BTC)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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I need the answer to Question 3, please 

3. Is Bitcoin a long term viable solution to either:
a. Replace reserve currencies.
b. Hedge your own wealth against inflation. (store your money in BTC)
Transcribed Image Text:3. Is Bitcoin a long term viable solution to either: a. Replace reserve currencies. b. Hedge your own wealth against inflation. (store your money in BTC)
Inflation has happened before. Four notable examples;
1. Weimar Germany
2. Zimbabwe
3. 1970s United States and Stagflation
4. Venezuela
Use evidence to discuss the following:
1. What are the consequences of inflation?
2. What are the short term solutions to inflation (look to Paul Volker in the 80s).
Transcribed Image Text:Inflation has happened before. Four notable examples; 1. Weimar Germany 2. Zimbabwe 3. 1970s United States and Stagflation 4. Venezuela Use evidence to discuss the following: 1. What are the consequences of inflation? 2. What are the short term solutions to inflation (look to Paul Volker in the 80s).
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