They system was setup to (have high control over) extract wealth from its people, yet it’s sold as a way to stabilise an economy - yet it always seems to be out of control? And accelerating in frequency and volatility?
#Bitcoin will become more stable and reliable than global fiat averages - and that will be the final tipping point. And by stable I mean downward volatility and loss of value.
The reason why index funds work so well (lower risk to reward, especially in a relative sense to the market) is because you back the largest N with highest growth - now imagine that exists across global fiat currencies. The best growth regions will buy/invest more, while the slower/stagnating will sell - however gainers are larger than decliners in relative value.
https://www.itv.com/news/2023-07-07/hunt-downplays-tax-cuts-odds-conceding-calming-inflation-is-tougher-than-feared