|
The COVID-19 pandemic has awoken devils from the past: uncertain times, excessive public spending and increasing unemployment rates. These factors tend to negatively influence citizens’ trust in governments and their central bank currencies, thus also negatively influencing trust in monetary unions and/or national currencies. Indeed, in recent years central bankers have turned to quantitative easing policies to enable them to buy back public debts and other financial assets and to inject fresh money in the economy, thus stimulating financial stability.
However, such policies lead to higher prices for properties and shares. Consequently, some innovative investors have redirected some of their investments to decentralised currencies, or currencies that are independent of...
|