Post
Topic
Board Economics
Re: State influence for cryptocurrency
by
MCobian
on 15/10/2020, 01:01:09 UTC
he COVID-19 pandemic that has been running for several months, has left many countries experiencing an economic crisis.
Therefore, the government took a policy by printing money to make the economy recover immediately, but its impact makes
the country increase the amount of its debt. And if government continue to print money, it will reduce the fiat value due to inflation.
This makes investors avoid investing in the traditional market which is bound to be affected by this situation. So it is likely that
investors will start investing in cryptocurrency. Because cryptocurrency is decentralized so it should not be affected by current
economic conditions, so many investors nowadays consider cryptocurrency as a safe haven.