Helicopter Money Policy by Central Banks Will Benefit Global Cryptocurrency Adoption
More money in circulation will ultimately lead to more investments in cryptocurrencies.
A lot people wonder where the sudden interest in cryptocurrencies is coming from. Rising prices certainly help to raise more awareness. However,it appears the global central bank woes are the biggest driving factor right now. Up until recently, demand for Bitcoin was small other than from a speculative point of view. A recent Federal Reserve decision will drive more people to cryptocurrency in the future. Central banks are making the swithc to Bitcoin a lot easier these days.
It is evident central banks around the world are slowly losing an uphill battle. Consumers are less eager to trust banks, for obvious reasons. Moreover, despite plenty of evidence suggesting otherwise, central banks feel printing more money is always the solution. Helicopter money has always been ineffective, now more than ever before. When financial turmoil occurs, investors do not buy bonds anymore. Instead, they flock to cryptocurrencies such as Bitcoin and Ethereum.
full: http://www.newsbtc.com/2017/06/17/helicopter-money-policy-central-banks-will-benefit-global-cryptocurrency-adoption/
Topic: [2017-06-17] Helicopter Money Policy by Central Banks Will Benefit Global... (Read 2233 times)
June 17, 2017, 04:34:50 PM
Jump to: