Post
Topic
Board Bitcoin Discussion
Re: Chances of BTC surpassing the value of Fiat Money
by
MusaMohamed
on 04/12/2020, 01:58:15 UTC
Sorry if the topic sounds logically flawed I didn't dig much deeper into the financial fantasies of such.

I'm wondering what if one day Bitcoin goes so high up in value that it causes somewhat a fiat crisis? I mean imagine, you've Bitcoins but there isn't much cash available in the market to buy your BTC, or simply put people can't afford it? Will bitcoin be of any value then?
Fiat can be printed from the air by governments and they proved they can do it in the pandemic through Quantitative Easings (QEs). What is quantitative easing and how will it affect you?. They only care to maintain artificial economic growth that all relies on thin-air-printed money and can be collapsed at any time if they stop QEs.
Quote
That's why the Bank has turned to quantitative easing (QE). It's another way to encourage spending and investment.

The true and big problem is will governments allow bitcoin rises too high in value and some bitcoin whales can have their assets are bigger than many nations' net-asset values. It is a big question.