Zac Townsend is the CEO and co-founder of bitcoin-denominated insurance company Meanwhile.
Bitcoin is a global, decentralized currency that is beyond the control or guarantee of any country. Recent months in the Bitcoin ecosystem have been marked by a fever pitch of optimism based on the approval of Bitcoin spot market exchange-traded funds. These ETFs are driving Bitcoin’s adoption into the mainstream through the retirement accounts of millions as well as the portfolio constructions of thousands of financial advisors and institutional investors.
At least 57 countries in the world had inflation rates over 10% last year. The United Kingdom’s was more than 9%, and the United States’ was over 8%. For residents of countries with a history of inflation, regime, or currency risk, the day-to-day volatility of the exchange rate of bitcoin to fiat may seem a lower danger than the decade-to-decade fiscal and monetary mismanagement of countries all over the world.
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