Why Michael Hartnett said that cryptocurrency will perform better than stocks and bonds.

[Lens1000]

The cryptocurrency acceptance is gaining popularity everyday. This is the major thing that we have seen around cryptocurrency lately and it seems that bitcoin will be the alternative to rescue the world from the ravaging inflation and the potentials of recession. We have seen experts in the financial institutions have made lots of positive remarks on the potentials of the cryptocurrency to the world’s economic stability. The trajectory of cryptocurrency, especially, the bitcoin as shown that cryptocurrency is basically be best used as a store of value.

Michael Hartnett, the chief investment strategist of the Bank of America ( BOFA) explained that cryptocurrency will perform better than stocks and bonds. His statement suggested that cryptocurrency will be the rescue for recession that most of the financial experts see coming. The powers of cryptocurrency in this regard can not be overemphasised and that is basically one of the reasons why most of the government will have to consider cryptocurrency, most especially the bitcoin as the only option to get out of the impending recession. The best tools that could be used to combat inflation and economic recession is cryptocurrency. This is the right time for the government to stop the critism and adopt cryptocurrency.

 

[Flow-er]

It is a good news that the Bank of America have acknowledged the advantage of cryptocurrency in the world. Any country that wants to be saved from recession should quickly adopt cryptocurrency as a legal tender in its jurisdiction. The statement that was coming from a reliable source and one of the management of the Bank of America should be taken very seriously because this award from the experts. Before now I need that bitcoin could be used to fight inflation which is a major enemy for the economy.. the bitcoin has proven itself to be a wonderful tools that could be used to sell so many financial problems of the economy but most of the government failed to accept the cryptocurrency in your country. Some countries went too far by banning cryptocurrency in your country and this could be a dangerous scenario for their economy. Both countries should learn from El Salvador who adopted bitcoin and have seen lots of growth in its economy. El Salvador built so many schools with the biicoin fund and the citizens are actually enjoying it. This is just a few of the development that was made from the profits that the country garnered from bitcoin adoption.