05 Dec Social unrest in France: is Bitcoin the answer? Bobby Lee thinks so…
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Earlier in the week, France was rocked by large-scale violent protests in Paris, with President Macron considering the declaration of a state of emergency. Bobby Lee has claimed that rising inflation is the true cause of these riots, and cryptocurrencies could be the solution.
Lee is the founder of BTCC, China’s first Bitcoin exchange, and he currently serves on the board of the Bitcoin Foundation. In an epic Twitter rant in the wake of the news about the Paris riots, he took aim at governmental monetary policy, which he sees as destroying the value of money through irresponsible spending and excessive printing of money.
Think about it this way: if we had good #SoundMoney that was stable & held its value over long periods of time, then prices should hold steady & wouldn’t increase. (This benefits individuals, families, companies & supply chains.)
Does our #CentralBank #FiatMoney do that today?🤔
— Bobby Lee (@bobbyclee) December 3, 2018
The riots…
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