The new paradigm.

The new paradigm.

By bhok | The Bitcoin Observatory | 10 Nov 2020


With more than 18 million Bitcoins issued, Bitcoin is entering its last phase of emission, with the implications that this entails. Basically, Bitcoin is ending its inflationary stage and entering a deflationary dynamic. To this we must add the absolutely irresponsible monetary policy that the big central banks of the world are following, increasing the rate of monetary issue at a time when wealth creation is constantly falling due to the uncertainty that the covid virus is leaving us.

This means that in the current scenario the price of Bitcoin compared to the main fiat currencies of the world is not going to stop appreciating, as we can see in the following charts:

USD: 

BTC/USD

EUR: 

BTC/EUR

GBP:

BTC/GBP

 

 

Although it's possible for Bitcoin to make corrections, far from it are the big corrections to areas of 3000 USD. It's quite possible that we won't see it below the 10,000 USD zone anymore.


And this, my friends, is a very important part of the new paradigm.



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Blockchain is the next revolution


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