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Learning & News => News related to Crypto => Topic started by: newshunter on July 14, 2020, 01:00:25 PM

Title: Japanese Residents Have Cash to Spare, but Is It Going Into Crypto?
Post by: newshunter on July 14, 2020, 01:00:25 PM

Japanese Residents Have Cash to Spare, but Is It Going Into Crypto?

The Bank of Japan reported the supply of money stock in circulation increased 6% in June following the receipt of economic relief payments.

Source: Japanese Residents Have Cash to Spare, but Is It Going Into Crypto? (https://cointelegraph.com/news/japanese-residents-have-cash-to-spare-but-is-it-going-into-crypto)

Would appreciate your opinion about this

Title: Re: Japanese Residents Have Cash to Spare, but Is It Going Into Crypto?
Post by: Senin on July 14, 2020, 06:49:14 PM

In many respects, this will depend on whether the global economic crisis will come soon and how severe it will be. If the inflation rate of conventional currencies increases sharply, it is unlikely that people will continue to keep their money in banks. Decentralized cryptocurrency in this case is one of the attractive ways to preserve the value of your savings.