Post
Topic
Board Bitcoin Discussion
Re: What Bitcoin stands to gain when the government prints more currencies
by
blockman
on 15/10/2021, 19:37:52 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.
They're not doing that to pump their currency but they're doing that to temporarily solve their problem about debt but they know about the impact of its long term, and that's going to be adding more percentage to their country's inflation.
The edge of bitcoin and its advantage from these governments that are printing more money, they can use it to buy more bitcoin and that will make bitcoin pump. I remember the injected money last year and it has contributed to bitcoin's price a lot.