Here Comes More Sovereign Debt
Debt means inflation, and inflation drives more people to Bitcoin
Europe is in the middle of a crisis.
You’ve probably read about it—the continent responded to Russia’s invasion of Ukraine with tough sanctions that included Russia’s exports of natural gas and oil. Russia responded in kind, by turning off pipelines. At the same time, most European countries have been unwilling in recent years to expand usage of fossil fuels, opting instead for investments in green energy.
So far, those investments haven’t proven fruitful enough to provide enough energy to power daily life on the continent.
I’m keeping this analysis simple here. I’m not a geopolitical expert, but this squeeze is having major implications and those consequences are expected to get worse in the coming months. A lot worse.
The contagion may even spread beyond Europe.
Energy costs are soaring, leading France, Germany, Spain, Greece, Sweden, the UK and more to take drastic measures to deal with the crises. Rationing, reductive measures, and more are all on the table.
So is spending.