RATE Group | Bitcoin poised to shine as governments print more money: report
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Bitcoin poised to shine as governments print more money: report

13 May Bitcoin poised to shine as governments print more money: report

Posted at 00:01h in Bitcoin News by

The unprecedented reaction from governments around the world to do “whatever it takes” to keep their economics afloat in response to the coronavirus pandemic could drive a flight to Bitcoin.

That’s the principal takeaway from the latest report by Bitcoin research firm Delphi Digital. The exhaustive document—covering everything from the macro financial climate to Bitcoin’s on-chain data—looks at a mixture of historical precedent and Bitcoin’s current data trends to presage what the rest of the year may look like for the cryptocurrency.

The report began with a rosy reminder that the world’s economy is basically on debt-based life support. “The amount of monetary and fiscal relief that’s been pledged [by central banks in 2020] equates to more than $10 trillion globally,” it stated.

But as governments print more money, Bitcoin (as evidenced by yesterday’s successful halving) is going to tick on with a decreased inflation rate.

Good for Bitcoin?

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