Quote from: Blawpaw on Today at 04:17:51 PM

Quote from: RILWAN on Today at 04:37:17 AM

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.

US is paying money to the people who stay at home. only a few people work this time and companies are trying to pay more for these people to work. the world got a lot crazier since some countries now are not accepting USD for America is destroying their own USD. hedging against this inflation made dollar holders buy BTC.

the BTC circulating on exchanges is also getting low because of regulations and withdrawal limits. when binance announced to only allow 0.06BTC, traders are getting out. new investors that want to buy have limited supply making the price head back to $64K, thanks to them.