Wences Cesares: Trust in Currency Value
on Monday, December 7, 2015Wences Cesares (Xapo CEO) Money Quotation saying there are many countries where the currency is devalued by governments and their citizens don’t trust that the money will remain at that value. Wences Cesares, Xapo CEO said:
“There are more people in the world who need a currency they can trust than there are people in the who can trust their currency” — Wences Cesares
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Wences Cesares is suggesting that there are many countries where the currency is devalued by governments, and citizens don’t trust that the money will remain at that value. By “currency they can trust,” he likely means a currency that is stable, reliable, and not subject to sudden devaluation or inflation.