Great Depression v2.0

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self.Bitcoin12d ago
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. 9,000 banks failed during the decade of the 30s, seizing customer savings and leaving ordinary people penniless afterwards. With this background history we can all understand why your great-great-grandparents hid their savings in their mattress - they knew better than to trust the banks again. Today, the western economies are facing an economic recession due to high inflation, but what happens if recession turns for the worse and into a new economic depression? Would ordinary people start adopting Bitcoin due to its unconfiscatable nature once the banks begin to fail and seize their savings? Or will people use the mattress for safe storage like their great-great-grandparents did?