Posts

Contrast between fiat and Bitcoin

avatar of @nextgen622
25
@nextgen622
·
0 views
·
1 min read

So the US has just passed a 2 trillion dollar stimulus package. In Australia and many other parts of the world, governments are handing out cash like there's no tomorrow, all in an attempt to cushion the impact of the coronavirus on society and the economy. I have nothing against all this, and think a lot of the packages are timely relief for individuals and families who are struggling through these tough times.

However, in terms of the long term impacts of these stimulus packages on the financial systems, I can't stop think about the contrast between traditional fiat systems printing extraordinary amounts of cash, compared to Bitcoin with a max supply of 21 million Bitcoins. And as the years go by, the circulating supply of Bitcoins will only go down as more and more people are likely to lose access to Bitcoin wallets.

So as long as Bitcoin continues to gain traction as a legitimate store of value, then I'm confident in its future.



Posted via Steemleo