Bitcoin Garners New Users as Governments Flood World With Fiat

As the printing presses run non-stop, Bitcoin shines as a beacon of hope

Bitcoin Garners New Users as Governments Flood World With Fiat

“The U.S. Federal Reserve announced another $2.3 trillion in lending programs on Thursday to stabilize America’s coronavirus-stricken economy. The Bank of England announced it would likely extend billions of pounds to directly finance the government’s crisis response.

All this inspires inflation concerns around the globe, which appear to be driving demand for bitcoin (BTC) in some corners.

‘The non-stop quantitative easing process will finally impact the mid-term and long-term market,’ said Danny Deng, a leading member of both the China Blockchain Application Center and the National Internet Finance Association of China. ‘Bitcoin is designed for this kind of situation. So I’m optimistic about bitcoin’s future.'”

https://www.coindesk.com/bitcoin-garners-new-users-as-governments-flood-world-with-fiat

Master Asked on April 11, 2020 in Bitcoin.
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