Is a National Cryptocurrency the solution to hyperinflation?

3 min read

It should be an alarming fact for the proponents of fiat based economies that we are increasingly seeing a high number of hyperinflation cases in the last 30 years alone as depicted in the chart below which still does not include a couple of more recent entries like Venezuela & Iran. Majority of the times this hyperinflation was caused by external factors like poor financial management or economic hardships like War & sanctions etc. But we are not here to discuss causes of hyperinflation, rather to see if this could be avoided with the new-found hope in Cryptocurrencies – a…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.