Enhancing Creditworthiness with Bitcoin in a Debt-Intensive Economy
Since US President Richard Nixon announced in 1971 that the US dollar would no longer be convertible into gold at a fixed rate, central banks around the world have started operating a fiat-based monetary system with floating exchange rates and no currency standard. As a result, the money supply worldwide has increased exponentially and most industries now rely on credit to finance their operations and growth.
With the anticipated further devaluation of fiat currencies, driven by nation states needing to produce additional currency to cope with high borrowing costs, the creditworthiness of companies across all sectors is becoming increasingly important. This is particularly true for the real estate sector, which is extremely debt-intensive. In this context, bitcoin can play a crucial role as a disinflationary money, meaning its inflation rate decreases over time, providing an appreciating capital base that can help mit
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