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TZN Trader
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Excellent point of view.
American debt and the price of Bitcoin go hand in hand.
Bitcoin is seen as a store of value and where do investors go to secure their money in uncertain times and in times when the currency continues to devalue more and more due to inflation?
In the assets considered a store of value, so today we can finally say that Bitcoin is on par with gold.
And the printing of new money?
Printing new money creates new inflation as the money becomes less and less scarce as there is more and more in circulation. As a result, Bitcoin will rise in price as the heavily devalued currency will be invested in an asset that contains its value and indeed increases it.
American debt and the price of Bitcoin go hand in hand.
Bitcoin is seen as a store of value and where do investors go to secure their money in uncertain times and in times when the currency continues to devalue more and more due to inflation?
In the assets considered a store of value, so today we can finally say that Bitcoin is on par with gold.
And the printing of new money?
Printing new money creates new inflation as the money becomes less and less scarce as there is more and more in circulation. As a result, Bitcoin will rise in price as the heavily devalued currency will be invested in an asset that contains its value and indeed increases it.
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