Bitcoin was born after the last financial crisis in 2008. Twelve years later, in 2020, we encountered the global economic crisis again. We once again saw the central bank led by the Federal Reserve begin to issue banknotes uncontrollably.
If the birth of Bitcoin last time was a distrust of the central bank’s monetary policy, then the existence of Bitcoin now proves the flaws of the central bank’s monetary policy.
The Fed’s big release is actually the best endorsement of Bitcoin, which reflects the historical significance of Bitcoin’s existence.
In the future, every time a central bank joins the ranks of releasing water, there will be more trust in Bitcoin, more public understanding and knowledge of Bitcoin, and more fuel for Bitcoin’s rise.
There is a certain delay from the issuance and circulation of currency to its effect. At present, due to the impact of the epidemic, people’s lives are greatly restricted, and the speed and channels of currency circulation are also greatly restricted. Therefore, in this case, there will be a greater delay in the effect of currency injection. It will further stimulate the Fed’s reckless injection of water, hoping to see “effects” soon.
And when the expected “effects” really begin to appear, I am afraid that the situation is out of control. By then, all investment products are very likely to rise to prices that we cannot imagine now.
After experiencing the last crisis, Bitcoin has grown from “nothing” to “digital gold”; experiencing this crisis, Bitcoin will only become stronger.
Nowadays, the usage scenarios of digital currency are too extensive. Many countries have Bitcoin ATM’s in use.
The country with the highest coverage is Anguilla, with 667 units per million inhabitants and the United States has 6 units per million inhabitants. You can use digital currency to buy Internet products or services online, and swipe digital currency cards offline to make purchases.
To some extent, the application of digital currency in the payment field has been accepted and recognized by more and more people.
With the development of blockchain technology and the improvement and opening of the digital currency market supervision in various countries, digital currency will become closer and closer to our daily lives. In the end, it is like we now use Alipay and WeChat Pay to deal with everything in our daily life.
Therefore, for us, this is a huge dividend period. The sooner we enter the digital currency field, the more opportunities we have to participate in this feast and seize the future trend!