Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis

By Bitcoinאיז - 1 יאָר צוריק - לייענען צייט: 3 מינוט

Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis

ביליאַנער ינוועסטער טים דראַפּער גאַט אַ מער טשאַלאַנדזשינג אָפּטראָג ווי ער אַנטיסאַפּייטיד ווען פּראַפּאָוזינג סרי לאַנקאַ, אַ באַנגקראַפּט פאָלק, צו Bitcoin.

דראַפּער איז געווען אין סרי לאַנקאַ אויף דינסטאג, גערעדט מיט היגע אַנטראַפּראַנערז וועגן קינדער פון קריפּטאָקוררענסי. דער אונטערנעמער האָט זיך יענעם טאָג באַגעגנט דעם לאנד'ס פרעזידענט Ranil Wickremesinghe וועגן דעם ענין.

דראַפּער געגאנגען צו די מדינה הויפט באַנק to present the same pitch. However, Governor Nandalal Weerasinghe, who is still working on fixing the nation’s financial challenges, did not embrace the idea. The central bank governor responded that Bitcoin adoption in Sri Lanka wouldn’t be a 100% reality.

Weerasinghe said introducing Bitcoin would worsen the crisis; therefore, they are still deciding to take that route. The government official stated that other technologies could be effectively used in financial services to promote social inclusion and quickly disburse funds to those in need.

Financial Crises Driving Nations To Bitcoin

Draper described Sri Lanka as a corrupt nation during the meeting and fronted cryptocurrency as a solution. He argued that Sri Lanka, a country known for its mineral resources, could have addressed its corruption by keeping perfect records through Bitcoin קינדער.

Last year, Sri Lanka faced one the worst-ever economic crisis in its history, which drove prices up and caused shortages of food and fuel supplies across the nation. As a result, such difficulties stirred protests that forced President Gotabaya Rajapaksa to flee the country and later announce his resignation.

Sri Lanka is currently in talks with a group of private creditors from Japan, China, and India to restructure its debt in line with the IMF’s plan. The country is restructuring its debt payments of about $51 billion out of $28 billion, which has to be repaid by 2027.

According to Draper, Sri Lanka can address its financial crisis through Bitcoin adoption. The billionaire investor views the cryptocurrency as a good store of value, not subject to government or central-bank policy changes.

אין דער זיצונג, דראַפּער ציטירט על סאַלוואַדאָר. דאס פאלק האט אנגענומען Bitcoin ווי אַ לעגאַל טענדער נאָך זייַן רעגירונג עמברייסט קריפּטאָ צו בוסט פינאַנציעל ינקלוזשאַן און עקאָנאָמיש אַנטוויקלונג.

Countries like Zimbabwe, Turkey, and Venezuela also witness ongoing financial crises. They are suffering from hyperinflations, and as a result, their citizens have been increasingly turning to cryptocurrency as a means of exchange and a store of value.

לויט דראַפּער, Bitcoin is one of the essential tools for humanity to overcome financial crises. He believes investors should continue seeking opportunities by investing directly in Bitcoin and its underlying technology (Blockchain).

Bitcoin פּרייַז קאַמף

הייַנט, Bitcoin is trading at $23,633 with a trading volume of $30.7 billion. Bitcoin has been down 0.93% in the last 24 hours. The cryptocurrency’s price rose by 3.22% in the previous seven days.

Bitcoin’s value fell in November following the downfall of the FTX exchange, a plunge that rendered the cryptocurrency trading below $17,000 for several weeks. The cryptocurrency has so far recovered its value from November’s crash, boosted by institutional adoption.

טראָץ דעם אָנגאָינג קורץ אַפּטיק, די קריפּטאָקוררענסי פאַרפאַלן איבער 70% פון זייַן ווערט זינט זייַן אַלע-צייט הויך העכער $ 69,000 רעקאָרדעד אין נאוועמבער 2021. טים דראַפּער איז נאָך בוליש, ער גלויבט די פלאַגשיפּ קריפּטאָקוררענסי וועט שלאָגן $ 250,000 דעם יאָר.

אָריגינעל מקור: Bitcoinאיז