The bullish case for bitcoin.Bitcoin is poised to continue on a parabolic track.The US dollar is the world\u2019s reserve currency. Bitcoin has not changed that. It has, however, shed light on the depreciation of the dollar.Bitcoin is a new lens that has refocused our attention on the concept of money and how it works.Since its inception, the US dollar has experienced inflation.Inflation is considered a standard part of the monetary system. We expect it and attempt to account for it by beating inflation.The financial crisis of 2007\u20132008 reinvigorated a practice of money printing and quantitative easing that had already been utilized throughout the history of the US dollar.The 2008 financial crisis was a wakeup call.COVID is the financial crisis multiplied.The global pandemic created a problem that the US Federal Reserve and central banks decided must be solved using quantitative easing.Too Big to FailThe economic powers that be refuse to let the system hard default. In their eyes, the system is too big to fail.Instead, the solution is a soft default, using quantitative easing.It\u2019s the FED and central banks acknowledging the US dollar debasement via action, while also revealing their assertion that the end result is worth the continued debasement.Quantitative easing doesn\u2019t necessary always include money printing. QE can occur by reshuffling existing monetary supply and assets through the sale and issuing of things like bonds in order to \u201craise\u201d and move capital elsewhere.In 2020, however, QE was a full-court press effort to resolve the economic problem as quickly as possible, acknowledging the fact that we will be sorting through the aftermath of it for generations.Enter, bitcoin.The gold 2.0 narrative is easy for the average person to understand.People have some concept of what gold is. They\u2019ve seen it in media and in jewelry and some can even put their hands on\u2026<\/p>","protected":false},"excerpt":{"rendered":"
The bullish case for bitcoin.Bitcoin is poised to continue on a parabolic track.The US dollar is the world\u2019s reserve currency. Bitcoin has not changed that. It [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/3160"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=3160"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/3160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=3160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=3160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=3160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}