Charlie Shrem Says Bitcoin Would be Lone Survivor in Nuclear War
Only bitcoin would survive a nuclear holocaust. This simply means that banks and fiat money would literally go down. This is according to crypto pioneer Charlie Shrem and he wants you to know.
Shrem in January 22nd Hacker said: “If the unthinkable happens, Bitcoin would be a highly durable currency during nuclear war, as compared to fiat currency, which would fail for multiple reasons,”
Since fiat money exists in the physical word and is not a digital entity like Bitcoin, it would be susceptible to being incinerated in the nuclear fireballs. Banks could instantly lose their cash reserves needed to operate.”
Shrem says nuclear warheads would decimate centralized banking organizations and render them useless. As a result, online bank balances would become meaningless once banks and computers get destroyed.
Shrem said: “Bank balances would suddenly become meaningless,” “No one would be able to go to the bank or ATM to get their cash since the banks would stop operating the day the first nuclear bombs detonate.”