Quote from: btcbug on March 19, 2020, 05:25:01 AM

Quote from: johnyj on March 13, 2020, 07:56:07 PM

Bitcoin will be the first to rebund after central banks' helicopter money arrives. But as evidenced this time, in a crisis time, people still runs to their fiat money, this indicated that majority of people still do not understand why bitcoin is better than fiat money

Another reason is that almost everything's value is labled with fiat money, if something is purely labled in cryptocurrency, then things might be different

This ^^^

I think the case can still be made that BTC is a hedge against inflation and money printing and NOT so much a hedge against stocks, etc.

Mike Maloney points out in his latest video how Gold fell with all markets back in 2008, but then decoupled and outperformed stocks through the following few year. Given that this crash and government overreaction seems to already be much worse, it's likely that metals and cryptos will massively benefit once all that newly printed fiat is circulated. I'm not sure what the lag time will be though.

Of course, a cryptocurrency that is not subject to inflation will knock out the monopoly from the hands of governments to increase the money supply. If Bitcoin is used for its intended purpose, then in my opinion people will not suffer from the depreciation of their savings. But it seems to me that the current period is not yet the time when cryptocurrency can fully provide stability for each user.