Printing More Money: Is It Actually Good For Bitcoin?

Printing More Money: Is It Actually Good For Bitcoin?
ôîòî ïîêàçàíî ñ : zycrypto.com

2020-3-25 22:28

As the world struggles to contain the outbreak of the deadly Coronavirus, the world economy has taken a huge hit. Numerous governments have put their countries on lockdown to prevent further spread of the disease within the borders.

Commercial flights have been canceled. Schools and numerous other institutions have been closed and people have been urged to work from home. Many businesses are laying off workers as the economy faces a downhill move. But governments, like the US government, have decided to try to keep the economy afloat by injecting it with loads upon loads of freshly printed free money.

Looking at the current situation, it’s notable that the crypto market may be the only remaining industry that hasn’t been hit hard. Even the stock market has lost hugely. In fact, most jurisdictions have halted their stock markets. Could Bitcoin be the ultimate beneficiary of this global crisis?

Better Place To Put Money

According to one market pundit who happens to be a fan of Bitcoin, the Coronavirus may turn out to be good for Bitcoin as governments print more money.

Ronnie Moas expressed this opinion in a post on twitter. For one, printing and floating of more money creates an atmosphere of uncertainty fueled by the fear of inflation. It happened in China during the US-China trade war that saw many rich people trying to get their money out of the regular circulation. Bitcoin, and crypto’s at large, proved very effective in this case, and it could still be a viable solution this time too – especially when the whole world is affected.

Stocks are dwindling and other markets don’t look attractive or even promising either. On the other hand, the fact that Bitcoin managed to start a quick recovery process when the rest of the world economic markets are under intense pressure is a clear sign that it’s an investment choice to be trusted.

BTC At $28,000

Going on, Ronnie projects that the current events could put Bitcoin’s price at around $28k in the near future.

This projection isn’t far-fetched as some might hastily judge. If more money flows into the market, demand rises along with the price.

Besides that, Bitcoin’s halving is approaching fast and it’s expected to boost the price by a good margin. In any case, Bitcoin still seems pretty poised to gain.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

LALA World (LALA) íà Currencies.ru

$ 0 (+0.76%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 5.17 %, 7d: 9.44 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0009669 (-100%)

world put governments huge hit numerous taken

Èñòî÷íèê: zycrypto.com

world put → Ðåçóëüòàòîâ: 126


Economic downturn erases trillions from stock market and shows just how tiny crypto truly is

It’s no secret that 2020 has been a rough year for the world, kicking off with raging fires in Australia and heightened political tensions within the Middle East, followed by the rise of a deadly virus that has put the world economy on the brink of a recession, also causing nascent markets like crypto to […] The post Economic downturn erases trillions from stock market and shows just how tiny crypto truly is appeared first on CryptoSlate.

2020-3-24 10:00


What Could XRP Price Be if Courts Decide it’s a Commodity?

XRP, Ripple’s native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit?  Wild Predictions Call XRP to Break Above $500 XRP has fought for acceptance and is viewed as a wildcard in the world of crypto, possibly bouncingRead More The post appeared first on Bitcoinist.com.

2020-1-20 18:00


Australian Crime Conference To Help Officers Put An End To Cryptocurrency Based Criminal Activities

The cryptocurrency industry is no stranger to theft, but pursuing these crimes is relatively difficult around the world. A recent article by The Next Web’s Hard Fork reveals that law enforcers from around the world will soon gather in Australia at the National Proceeds of Crime Conference, as confirmed by a statement from the Australian […]

2019-11-14 00:25


Crypto regulation can create over 20,000 direct jobs and billions in revenue in India

Indian economy is going through a rough phase and the unemployment rate is at 45-year high while its yearly growth rate is taking a back seat. From being one of the fastest-growing economies in the world to the present situation where economists are concerned if immediate measures are not put in place, India might see […] The post Crypto regulation can create over 20,000 direct jobs and billions in revenue in India appeared first on AMBCrypto.

2019-9-8 17:30


Ôîòî:

BoE Governor Mark Carney Proposes Global Cryptocurrency

Governor of the Bank of England Mark Carney put forward the idea of replacing the U. S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and overall weaker business activity are deteriorating the global economy.

2019-8-25 21:34


Put an End to Concerns About Traders’ Money After Their Death

In today’s busy world, all of us have some kind of important information that even in this digital era, we keep them on a piece of paper, in a book or sometimes in a safe. This information may include personal, financial, documents, our family and friend’s birthday, important dates in our lives and most importantly […] The post Put an End to Concerns About Traders’ Money After Their Death appeared first on CCN Markets

2019-7-14 12:42


Mark Zuckerberg’s ‘new rules’ for the internet happen to benefit Facebook

Facebook has recently outlined how it intends to clean up its content, making much of the fact that it has expunged 3.3 billion fake profiles in the last six months. After 18 months of mounting criticism, culminating in Senator Elizabeth Warren’s promise to break up so-called Big Tech – she is now a leading contender to become the Democratic presidential nominee – can we take Mark Zuckerberg’s promise that this is only the start at face value?  To put it another way, can we trust the person whose stewardship of one of the world’s most powerful companies over the past… This story continues at The Next Web

2019-7-10 14:00


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

What determines Bitcoin’s price?

Bitcoin’s price is influenced by a mix of factors, including supply and demand dynamics, mining costs, regulatory developments, market sentiment and more.