Quote from: CASTIEL05 on November 10, 2020, 11:50:22 AM

Quote from: countryfree on March 13, 2020, 11:52:26 AM

Have you seen how governments responded to the corona virus?

Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.

The debt of every country is increasing because of pandemic. In my country, we have to loan in international bank because the government need to sustain the budget regarding to the calamity and pandemic matters. By that, experts said that my country will experience an economic depression because of the debt. Coronavirus really harm not only the health of every people but it makes a country poor and give a high debt.

Coronavirus actually exposes what's lacking in the government and the government needs to fix it ASAP which means spending a lot of money as well as increasing the hospital facilities. It's really understandable that most of countries gonna struggle a lot like countries with relatively low GDP income.

There's absolutely nothing we can do though since that just how things works. Also due to that inflation appears thus people money converting to BTC.