Post
Topic
Board Economics
Re: Coronavirus is very harmful to fiat currencies, not bitcoin
by
chip1994
on 21/11/2020, 19:07:16 UTC
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.
Yes and that is why major financial funds in the US have poured huge capital into Bitcoin and hold it for the long term.  When the government's plans are bad, then Bitcoin is a bailout for their policy mistakes.  To me, Bitcoin deserves to be a common currency in the world in 10 years.