I think that's the answer why the BTC has never failed since 2009 ๐Ÿค”

in hive-103599 โ€ขย  10 months agoย  (edited)

1000010816.jpg

Source: The ๐Ÿ‡บ๐Ÿ‡ธ Department of Treasury

Did you notice a pattern in this chart? ๐Ÿง The ๐Ÿ‡บ๐Ÿ‡ธ has consistently increased their debt following each recessions. The COVID-19, the latest recession, is not even exceptional.

The BTC(Bitcoin) emerged after the Subprime mortgage crisis. During that time, the middle class in the ๐Ÿ‡บ๐Ÿ‡ธ collapsed. Major investment banks survived with the financial assistance. The Fed printed tons of money. Then, Wall Street corporations got bigger. As far as I know, that's the reason why the Satoshi Nakamoto created the BTC. It can hedge against the inflation of fiat money.

1000010819.jpg

Source: The ๐Ÿ‡บ๐Ÿ‡ธ Department of Treasury

After the COVID-19, the debt has increased as always. I know how to ruin the BTC. It's simple. The answer is to stop printing money anymore. However, they won't be able to do that.

Let's think about the Blue Marble game. If banks suddenly stopped providing money for someone passing the start point, the economy will suffer serious economic problems such as the deflation, financial crunches and recessions, etc. Therefore, I think the Fed won't be able to stop printing tons of money. That's the reason why you should find assets that can protect your assets against the inflation.

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ย  ยท ย 10 months agoย 

This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab

ย  ยท ย 10 months agoย 

You've got a free upvote from witness fuli.
Peace & Love!

ย  ยท ย 10 months agoย 

ๆ”ฏๆŒ

ย  ยท ย 10 months agoย 

That statement is so true... However l never thought money is still that important over crypto as you stated. To be honest l prefer crypto currency over traditional money.

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ย  ยท ย 10 months agoย 

It was a good year