Evgeny Romanenko: Cryptocurrency as a Persistent Nuisance for Central Banks
In the “Podcast Society” on ForkLog’s YouTube channel, libertarian economist and advocate of the Austrian School, Evgeny Romanenko, discussed the role of cryptocurrencies amidst widespread central bank abuses, the influence of freedom ideology on market participants, and the contradictory actions of politicians like Javier Milei and Donald Trump.
The expert described cryptocurrencies as a tool that “blocks” the destructive policies of monetary regulators. In his view, the fiat system, based on forced resource redistribution, inevitably leads to inflation.
Crypto assets, especially Bitcoin, allow people to protect their savings from the “radiation” of government interference:
“The task of the central bank is to supply the state with resources created out of thin air. Crypto gives people the opportunity to avoid this damage. It is a direct threat to a system that works against the interests of society.”
The expert emphasized that decentralized technologies return money to its natural state—a commodity whose value is determined by the market, not by coercion.
Romanenko sharply criticized the idea of central bank digital currencies (CBDCs), calling them a tool of total control:
“CBDC is fiat 2.0, a simulacrum with no real value. Their implementation will lead to a digital gulag, where every citizen’s action will be under surveillance.”
In contrast, Bitcoin, in his opinion, remains “hard money” that not only preserves value but also reminds society of the natural competition of currencies.
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