Post
Topic
Board Economics
Re: Bitcoin after the pandemic
by
TheGreatPython
on 12/03/2021, 09:17:09 UTC
Is bitcoin good at the moment? I think that's right, after the pandemic perhaps many people, or countries, will re-raise the issue of the importance of bitcoin to the economy. The pandemic is rebuilding for a better future, all the dread is over, and I think we are heading to the era of technology.
Bitcoin is the future, right I agree but I don't know how pandemic benefited bitcoins because covid-19 actually crashed the market last year and it took a couple of months to recover actually. It is only co-incidence for me that bitcoins started jumping once the covid-19 scare is towards its end. People suffered a lot financially which actually made them sell their assets including bitcoins last year and now they are buying back slowly which is the reason why the market is recovering so fast and reached a new ATH.

Theoretically Bitcoin is the perfect solution for the inflation problem, in fact, the pandemic showed Bitcoin is still far from being the world currency.
Indeed, with the printing of more and more money, it will eventually cause inflation, and bitcoin helps in such situations. The market is still recovering from a low which was caused last year and it will take more time to recover and printing money is not helping actually.