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The anti-crisis of Bitcoin

By Jandmade | Jandmade | 31 Oct 2020


As a result of many news that have emerged lately about the world economic crisis, generated or accelerated by the pandemic, I have begun to generate a theory in my head about the crisis-bitcoin relationship.

The notable global economic crisis has led different world countries to take exceptional measures, in some cases cryptocurrencies have begun to be used as a method to alleviate the crisis, we have seen how different models of basic income have begun to be tested (with more or less success like China or Spain) and what has perhaps been the most popular: capital injection through the creation of more money.

This last solution, which is supposed to help, generates inflation, which makes money less valuable.

If the price of a coffee is worth $ 1 and with inflation a year from now we end up paying $ 3 for the same coffee, will the same happen with Bitcoin? That is, within a year we would also pay 3 times more for a Bitcoin since the value of money decreases?

Maybe I miss some variables that can make my theory stronger or weaker or I make a mistake when thinking of Bitcoin as a product when comparing it with a coffee and that is why I think that the more inflationary Bitcoin there is, the more value it will have, so it is a kind of anti-crisis insurance.

All this is a personal thought that I share with the intention of learning more, if I make a mistake or write something silly I would like to know so I can grow more.

Thanks for understanding!!

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Jandmade
Jandmade

I'm a professional illustrator. More than 30 year experience Based in Galicia


Jandmade
Jandmade

I am a professional illustrator with proven experience in different fields of plastic arts, creativity and design. Interested in art in the world of cryptocurrencyies.

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