Printer goes BRRRRRRRRRR

1 month ago
1 Min Read
293 Words

35% of all US Dollars have been printed this year.

Let that sink in for a moment. In June 2020, the US government printed more money than they did in 200 years!

The definition of inflation is being broke but having a lot of money in your pocket. That's where the financial system is taking us today.

Everyone is starting to see it, and that's why you are seeing money pouring into Bitcoin and other cryptocurrencies.

"If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion"
- JP Morgan Strategist

Even the US government is looking at crypto to get them out of this mess.

“Increase the understanding in the Senate about Bitcoin, what it is, what it does, how it can be an asset that can grow and develop as an adjunct, so basically alongside our fiat currency, and that it should be allowed a clear path and avenue — an interstate highway in fact — to grow and develop alongside our fiat currency.”
- United States Senator-elect Cynthia Lummis

If every person in the world was to hold Bitcoin, the most they could accumulate is 0.00245 BTC, even when every Bitcoin is printed, they still would only be able to get 0.0028 BTC. This assumes an even distribution of Bitcoin across every living person on Earth.

I still believe mass adoption will be very difficult without adding layers of centralization due to the average user's inability to protect and store their private keys. More and more centralization options will pop up trying to solve that (like Bank cards and so on).

Posted Using LeoFinance Beta