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53 sats \ 4 replies \ @k00b OP 11h \ parent \ on: "What do you think of bitcoin as an investment?" bitcoin_beginners
That was my last message, but we chat about something every couple of weeks/months since he found me (he found me a couple months ago). I was his first real American friend I think - before he became friends with all the kids that were cooler than me.
He works in banking afaik so this should be a quick orange pill ... maybe.
That's good. I think about those exchange students but we don't speak often. Two from Italy and one from Belgium. I know the economic prospects in Europe are worse than here in the US. One just had her first child. None have great jobs, so far as I can tell. They would all benefit from bitcoin.
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That's what they had told me at the time, though things have gotten worse in the US since. They were startled at what they perceived as the level of wealth most in the US seemed to have. I haven't spoken at length with them for a while, so I don't have any real impression now.
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I think it is changing a little, but we can't really tell yet, because of the "everything boom" aka intentional weakening of the dollar. From being on both sides of the Atlantic this year I feel that Americans had it a bit tougher on the inflation side than Euros lately, but there's quite some margin there, so it's not that bad really. But Europe isn't uniform at all and even at the country level there are huge differences.
If you were talking about Italy specifically though, prospects in terms of employment is rapidly improving according to the latest OECD report - from 11% unemployment to 6%, and they're doing fiscal reforms to reduce future risk, so economically, that's doing better.
But, I can't help but feel that in Belgium it's been going downhill for a longer time due to mismanagement (their debt-to-gdp is almost as bad as in the US, but they have 55% income tax!), and of my friends from there, many have already left, and many more want out. None of them that are currently there are happy to be there.
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