Post
Topic
Board Bitcoin Discussion
Re: What Bitcoin stands to gain when the government prints more currencies
by
fullhdpixel
on 16/10/2021, 08:29:38 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.
The fiat having inflation means that the worth of bitcoin is going to be increasing since the worth of bitcoin and other cryptocurrencies are in dollars. So if dollar should keep decreasing in value then that’s going to be more increase in the price of bitcoin, even without any much thing, bitcoin will still be increasing just because the fiat is losing value. And this is like a normal thing with fiat, they keep on losing value, which is why it very important to always make sure that you’re investing your money in a good asset that’s going to retain its value and keep increasing in future, and bitcoin is one of those good choice to make anytime.