Bitcoin as a global standard would be an 'absolute economic catastrophe' - Ernst & Young's global blockchain leader
— Leader, Engineering work, Properties, Prior, Evidence, Opposite, Recent interview, Connecting different kinds, Paranoid ," brody described, Finite — set — 1 min read
If Bitcoin were to become a global monetary standard, it would be an "absolute economic catastrophe," says Ernst & Young's global blockchain leader Paul Brody. The world's largest cryptocurrency is by default considered a deflationary asset in the digital space. Many proponents of Bitcoin refer to the cryptocurrency as gold 2.0, and Brody views this analogy as fair. The idea that the global economy can come out of this with a smooth landing and no inflation is unrealistic, he says. Brody sees signs that inflation might have peaked at 8% in the U.S., but there is a possibility of a mild recession, but it will likely remain extraordinarily low to lead to the lead to low unemployment, he said. There's good evidence that the Source