With the printing of fiat money that is always in constant motion by the powers that be.
As the fiat money devalues in value. The value of BTC and other cryptos goes up.
So if the banks etc printing all fiat out of crazy numbers, then we should be in a guarantee of BTC going to over a million perhaps.
Does that mean we should be embracing the printing of money?
Make all our money go totally out of value, so anyone holding BTC can get good value?
Does this make sense?
As the fiat money devalues in value. The value of BTC and other cryptos goes up.
So if the banks etc printing all fiat out of crazy numbers, then we should be in a guarantee of BTC going to over a million perhaps.
Does that mean we should be embracing the printing of money?
Make all our money go totally out of value, so anyone holding BTC can get good value?
Does this make sense?
Inflation is good because it helps scarce commodities like Bitcoin and Gold to rise in value over time. But it's bad for those who only depend on Fiat to survive. What costs you $10 now, might cost you $20 in the future due to inflation. Things valued in BTC, get cheaper in crypto terms but not in Fiat terms. You may think you're getting higher purchasing power over time, but that's not really the case.
It's best to focus on accumulating more BTC over time, instead of simply "hodling" coins until they're worth more in Fiat terms. We can't stop banks from printing more money in the long run, so it's best to be prepared for the worst just in case. Just my opinion
