Why has bitcoin gained so much momentum today?

Why has bitcoin gained so much momentum today?


We know that bitcoin has been on an upward trend lately, and there is that good old government push. These days, a $ 1.9 trillion Joe Biden covid 19 package was approved, a true state intervention in the economy, and the result is increased inflation.

Does that help in what?

The more the state prints money, the less its money is worth, it is devalued! Bitcoin in turn opens up an opportunity for your money not to lose value, and seeing this, of course many are switching to bitcoin now, because it will not be affected by the large issue of money, as the government has no control over the issue of bitcoins. .

So think with me - If everyone starts to see that the currency is devaluing, most will look for an escape valve - bitcoin. We can see this event up close, at this great historic high.

dbf010cde3a1115f2318da05661e5d1237520519a44ed01c90281a5345938161.jpg

Some may claim: "oh bitcoin was already high!", Yes I know, but with this news it will rise even more, since you will need more dollar bills to buy bitcoin, since the dollar trend is not to have so much value to buy the btc that it will be much more valued.

How do you rate this article?

13

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.