If you look at the accumulated inflation in the eurozone with the help of the state-measured CPI, which, as we all know, naturally understates the inflation rate, the situation is dramatic. It is also an indicator of the plight of central banks and governments to roll the growing national debt into the future by debasing money and issuing ever more debt.

Against the backdrop of this development, it is hard to understand why hard assets such as Bitcoin play virtually no role in the disposition of family finances in Europe. It will be interesting to see how the adaptation accelerates when the devaluation of money accelerates further in the next round of debt.

#eu #eurozone #inflation #governmentdebt #bitcoin