Post
Topic
Board Bitcoin Discussion
Re: What Bitcoin stands to gain when the government prints more currencies
by
Blawpaw
on 15/10/2021, 16:17:51 UTC
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.

Apparently US is preparing to print a lot of paper cash. Rumours have been going on saying they are on the verge of printing 31 million USD. I wouldn't be surprised at all. And I believe this has been having a direct implication on the bitcoin price.