Here we look at the background that led to the development of bitcoin. The financial crisis of 2007-08 had gripped the economies of most of the countries across the globe.
In 2007-08, there was a global financial crisis that had hit the economies across countries. It all started with the dot com bust in the year 2000 when a lot of internet-based companies that were valued basis on the eyeballs that they received.
And then came the 9/11 terrorist attack, post which the Fed started reducing interest rates to overcome the deteriorating economic conditions in the country.
In 2007-08, there was a global financial crisis that had hit the economies across countries. It all started with the dot com bust in the year 2000 when a lot of internet-based companies that were valued basis on the eyeballs that they received.
And then came the 9/11 terrorist attack, post which the Fed started reducing interest rates to overcome the deteriorating economic conditions in the country.