Quote from: laredo7mm on Today at 01:57:03 PM

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.

I also think its pandemic will increase govt debt. Many people said crypto will not survive when COVID-19 strikes us. But we all know what happens later. The Crypto market gain momentum through DeFi hype and I think govt now will think about how they can use crypto in their own way. Many companies already invested in bitcoin we all know that. More are doing the same now.

It is very clear that the pandemic has hit the economy of every country. So this economic rescue was carried out by providing large subsidies to the community. How can the government provide a lot of subsidies if the state revenue decreases, many companies suffer losses and even close, is it possible only from taxes. Surely what the government is doing by increasing debt or printing money. All of this had a clear impact on fiat money. On the other hand, everyone has started to worry about their assets. Amid economic uncertainty, people are defending themselves by saving their assets to Bitcoin. It is not unusual for Bitcoin to appreciate during Covid.