Miller cited the example of the collapse of the financial infrastructure in Afghanistan after the withdrawal of American troops in August 2021.
When the United States left Afghanistan, money transfers through the payment operator Western Union stopped in the country. But, if the people of Afghanistan could freely use bitcoin, everything would be fine. It can be sent anywhere in the world, there would be a mobile phone,
Miller said
He added that Bitcoin worked as insurance for investors during the pandemic. Even when the US Federal Reserve System (FRS) began to reduce the money supply to "save" mortgage rates, bitcoin functioned normally, without anyone's intervention.
Then, when Bitcoin enthusiasts began to fear rising inflation, Bitcoin "skyrocketed,
Miller said
Earlier, Miller said that Bitcoin has no signs of a "bubble", and assessed the prospects for its development as optimistic. According to the billionaire, the Bitcoin exchange rate will never collapse to zero, especially given the large investments of institutional investors.
Join ICOLINK socials to be updated:
TM: https://t.me/icolink
INST new ICO: https://www.instagram.com/ICOLINK_COM
INST news: https://www.instagram.com/ICOLINK_NEWS
Twi: https://twitter.com/ICOLINKcom
Fb: https://www.facebook.com/icolinkpage