Visionary and early crypto adopter Charlie Shrem says that the circumstances are proper for Bitcoin to kick it to a different gear.
In a Digital Blockchain look, the founding father of crypto intelligence agency CryptoIQ explains that the quantitative easing in response to the Covid-19 pandemic would usher in new demand for the main cryptocurrency.
“We have two trillion dollars of money printed in the United States. People are starting to get all that money. Also, all these people are getting their unemployment benefits probably when they’re about to go back to work anyways, and they haven’t been needing to spend much money while they’re sitting at home for the past few months.”
As well as, Shrem factors out that the Bitcoin halving, the place new provide is minimize in half, is simply across the nook.
“And then you have the halving where the selling pressure cuts in half all of a sudden at the end of next week… So all of a sudden that pressure is cutting in half, and now all of this money, what do you think is going to happen?”
Shrem sees the value of Bitcoin hovering because the greenback’s value plummets. He says that folks holding {dollars} might be “screwed.”
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