Cryptocurrencies will keep on rising as long as banks will be printing money

I think that by now cryptocurrencies proved to the world that they are the future monetary systems and countries and central banks need to shift the way they are financing everything to keep the economies running or at float. There are some steps done in this direction, but I think we are far away from doing that transition and as long as the central banks will keep on printing money, the cryptocurrencies will only become stronger and their value will rise. And by doing so the growth and development around blockchain and decentralized technologies will continue and will define new ways of holding our finances, doing business, investing and simply said storing value.

Source: Visual Capitalist - Purchasing Power of the U.S. Dollar Over Time

Again and again it was proved that printing money simply takes the value out of people pockets and the trust in the centralized systems is going down fast. Just let's thing that in 2020 the US money supply grew by $3.8T, which is equal with 20% of all dollar ever created. This is why gold always has been and will be one escape to capture and hold value and acting like a deflationary financial instrument. The cryptocurrencies are doing the same, but also so much more. Not always that through the fixed supply those are storing value, but through the continuous developments and DeFi instruments without middle man to diminish the profits, puts more value in people's pockets by capturing their trust in the system. And by doing that it will be hard for those invested in blockchain and cryptocurrencies to go back to a traditional system. And the domain expands and more and more people embrace it, see its potential and transition to using it.

We are still living the effects of the COVID crisis and we see others affecting the entire world - floods, earthquakes, fires, storms and so on. And the traditional instinct and instrument to solve the effects of these will be to print money. Which will solve the problems for the moment, but will have negative effects on the economy on the long term. But the positive effect (if we can even call it that) will be that people will desert the traditional systems and will move towards cryptocurrencies and decentralized financial systems. Not only that these are borderless, but people tend to trust more the code, rather than other people which not once run with stolen funds or simply abused their power for their own interests.

So yeah, cryptocurrencies are here to stay and their values is "doomed" to keep on rising as there will still be a defect traditional monetary system with using the strings of printing money. We can already see the world transformed by blockchain and cryptocurrencies (let's just think of the El Salvador crypto adoption by accepting Bitcoin payments) and the trend simply expands day after day. With that moving in the right direction anyone from the space will be able to take some good profits along the way or if they have the time on their side and they can wait, they can make it big in the end.

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