Post
Topic
Board Bitcoin Discussion
Re: Why people are comfortable investing in government controlled investments
by
South Park
on 01/04/2020, 22:13:21 UTC
Did Bitcoin get any support from governments when Stock markets plummeted lately? No, because Bitcoin is seen as the enemy.

Devaluing the dollar is supporting Bitcoin, in a way. Since the 2008 bailouts, our dollars have lost around 20% of their value vs. CPI goods. That alone is an advertisement for a currency with predictable inflation and capped money supply -- let alone after another 2008-like bailout.
This is so true, governments do not really have any way to beat bitcoin, if they do nothing and their economies crash in a fast fashion then people are going to adopt bitcoin really quickly, but if they intervene just as they have done to try to avoid the collapse of the economy by printing money then they are helping bitcoin as well, they may think they are delaying the situation until they find a way to beat bitcoin but they are only delaying the inevitable, bitcoin is going to win this battle and eventually it will be adopted by most people all over the world.