Post
Topic
Board Bitcoin Discussion
Re: Did bitcoin lose its value?
by
7788bitcoin
on 19/10/2020, 23:59:55 UTC
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
If you look at the charts the price of bitcoin moved up, take a look at the price when the pandemic started and now the price of bitcoin is above $11k and you cannot call it stagnant. You need to understand that bitcoin is not pegged with any currency, the global economy is not in a strong position right now and with the reserve bank is printing currency it will have its inflation.