Quote from: jrrsparkles on October 16, 2021, 11:53:24 PM

Quote from: RILWAN on October 15, 2021, 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.

Whenever the government prints new money the supply will increase which results in the value loss for the currency so anything we can buy with that currency become expensive than before so the straight action of inflation will be increase in the value of cryptocurrencies.

Currency printing by the central bank have been one of the major cause of inflation, when the central bank prints new bank notes their devalued the Central currency to Bitcoin that is why Bitcoin have gain constant increase in it value because it has a limited supply.