Government Overspending Amidst Crisis is Bullish for Bitcoin

With each passing day, the global government is revealing more and more economic stimulus and bailout budgets to prevent further collapse of the economy and save corporations critical to civilization as we know it. But the more the government overspends, the more bullish the case for Bitcoin – an asset that’s value could climb significantly if inflation continues to spiral out of control.

Bitcoin To See Major Boost During Coming Dollar Inflation

Bitcoin is an asset unlike anything else. It can be used as a currency for transactions like the dollar and has been pitched as someday replacing fiat currencies as the global reserve currency.

However, the asset also shares many attributes that are more akin to a precious metal like gold than a currency like the dollar.

Related Reading | How Bitcoin Is the Answer to The Questions Everyone Should Be Asking Ahead of Crisis 

Fiat currencies can be printed at whim, as we’ve seen recently as the government scrambles to ease the impact of any…