RE: Will BTC surge once markets have bottomed?19 Mar 2020 10:17
The MCAP of BTC is huge and it’s asset base is set. Currencies are devaluing against each other. Physical assets whilst being sold off now will by default eventually become more valuable, even oil as QE gets underway. The govts around the world are embarking on unprecedented financial aid programs to keep the life support of business going. The taxpayer will have to pay for this later, they can only print and devalue so much. At the moment the reduction in supply side meets the reduction in demand side, this parity will not last once the Keynesian recovery commences then there will be inflation. That’s when BTC and gold come into their own. Higher inflation and low US dollar. Look at the 10 year treasuries now, the yield is teetering on negative. BTC rally coinciding with halving inevitable, all imo.
Trek
£1