Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

In a recent news article it seems that the printing of the dollar bill in the United States of America may cause the value of Bitcoin to increase drastically, and this activity could cause an increase in Bitcoin price to the $500k region in the next few years. Eric Peters says that the supply of gold is not limited, and we are still discovering more, however the supply of Bitcoin is limited at a specific number of coins and this can be a huge factor in driving the price up as well. Furthermore, the USA has been printing many dollar bills to try and mitigate and manage the effect of the global pandemic, however many are now turning to Bitcoin to secure their value, and combat inflation. What are your thoughts on this?

 

[Brain]

I like the idea that many are running to bitcoin, this will make bitcoin grow more which is what the Bitcoin community want. I hope this brings only positive effects

 

[Niftyicon]

Yeah! Many people now buy bitcoins to hedge against inflation which would be the result of printing and pumping more money into the economy. The more people buy into bitcoin to save the value of their fiat the more the price of btc go up

 

[Rollerkid]

Seriously the printing of more US dollars to cope with the effects of the pandemic is driving more people and institutions into the crypto community and this will surely have positive effects on the the market.

 

[Wisdom01]

I am glad many are using bitcoin to prevent inflation and this is the importance ,because when there are too much money in the circulation it would really affect the rate of dollar

 

[Rollerkid]

I am glad many are using bitcoin to prevent inflation and this is the importance ,because when there are too much money in the circulation it would really affect the rate of dollar

Yes, we are all glad the world is now seeing the positive part of crypto currencies and very soon l hope things will improve very rapidly in the crypto community.

 

[Ewogboka]

The price of bitcoin will continue to rise on though there might be time it will have challenges of drop but it will continue recover and rise more.

 

[achawaskey]

It is really good that people are turning to bitcoin as save heaven for their assets. This pandemic has dealt a blow to the world and yet it is not over.

 

[Ewogboka]

The pandemic is still in trend though the world is trying to manage and leave with it. Crypto currencies were indeed safe heaven.

 

[Balint098]

Besides the pandemic that butcher fiat currency maybe the one driving force behind bitcoin spike is the fact that Pornhub started to accept crypto earlier this year.

 

[Ewogboka]

Besides the pandemic that butcher fiat currency maybe the one driving force behind bitcoin spike is the fact that Pornhub started to accept crypto earlier this year.

Your point is highly valid and strong , many people will prefer to pay through bitcoin for subscription and the site has very huge traffic.

 

[Niftyicon]

It is really good that people are turning to bitcoin as save heaven for their assets. This pandemic has dealt a blow to the world and yet it is not over.

I hope we see the end soon enough. However, while it lingers, more people will still preferably have their funds in Cryptos than in fiat.

 

[Kunkun]

Yeah! Many people now buy bitcoins to hedge against inflation which would be the result of printing and pumping more money into the economy. The more people buy into bitcoin to save the value of their fiat the more the price of btc go up

Then it's a win for the investors then, especially those that trade in the long term, with time I'm sure crypto would be accepted everywhere

 

[Aadrika]

Then it's a win for the investors then, especially those that trade in the long term, with time I'm sure crypto would be accepted everywhere

Many people are adopting the use already and most have created the bitcoin atm in various part of the country , so i hope for more adoption

 

[Rollerkid]

Many people are adopting the use already and most have created the bitcoin atm in various part of the country , so i hope for more adoption

There is a greater chance bitcoin and crypto currencies in general will still gain more adoption as time goes on and people continue realising the importance of cryptocurrencies.

 

[Kunkun]

Many people are adopting the use already and most have created the bitcoin atm in various part of the country , so i hope for more adoption

Then that is good development, yh it's true there is a great chance of crypto especially Bitcoin of being totally accepted and Incorporated in the future

 

[Rollerkid]

Your point is highly valid and strong , many people will prefer to pay through bitcoin for subscription and the site has very huge traffic.

Yeah, ever since last year that bitcoin and crypto currencies in general started gaining mass adoption, demand for popular crypto currency related services has also been increased bringing them more income.

 

[Josemendez]

Just as you have said in your post . The limited number of bitcoin is what makes it able to rise ,unlike gold that do not have limited supply

 

[Rollerkid]

Both of them have their benefits and shortcomings so it's mainly up to investors to make their choice based on how they think a particular one could bring more yield.

 

[Aadrika]

Then that is good development, yh it's true there is a great chance of crypto especially Bitcoin of being totally accepted and Incorporated in the future

There is really a great chance and even up till now bitcoin is still getting more famous ,and i know that in a few time , a lot of people would switch to digital currency