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The Nexus
BUSINESSMay 13 · 11:15 UTCR/BITCOIN/u/Necessary-Swan-5764

How can Bitcoin replace Fiat when 60% of people live off credit card debt, paying 20% interest per year

The article discusses the challenges of Bitcoin replacing fiat currency when many people rely on credit card debt with high interest rates. Approximately 60% of people live off credit card debt, paying around 20% interest per year. This situation poses a significant obstacle to the widespread adoption of Bitcoin.

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