using things like anti inflation is exactly what scares the uninitiated. One way to look at it is if you have 100 ounces of tin which are worth 10 ounces of gold. When money is printed the underlying asset remains the same but quantity increases, so the 100 ounces of tin could increase from 100 pieces to 200 pieces but they are still 100 ounces of tin. That is what money is. When more money is printed everything else increases, including stock markets, but they are not deemed 'anti inflation'.
The price of btc should increase but there is going to be a wave of the stock market bulls and bears transiting to btc to manipulate prices so with that factor nobody can say what will happen.
On a long term view im bullish on btc on a short term trading perspective idk... the oldest satoshis i have are 2 years old and their performance pleases me when i look at them every few months.
Topic: What Bitcoin stands to gain when the government prints more currencies - page 3. (Read 376 times)
October 15, 2021, 12:01:16 AM
October 14, 2021, 11:55:40 PM
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.
Some members would argue that bitcoin is not anti-inflationary currency. But with limited and ever-decreasing supply, it definitely gives bitcoin an edge over any traditional currencies that exists in the world. Government has to adjust the supply based on inflation and hence they are bound to print money to keep the supply ongoing on the basis of demand in the market.
Bitcoin is mainly an accumulation game. The more you accumulate, the brighter your future will be! If not already started, start now!
October 14, 2021, 11:37:17 PM
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.
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