Regardless of the free daily Dumps, has sent the Bitcoin price just under 8,000 dollars back: The world economy is in a worse state and is estimated to deteriorate further. The Central banks pump cash back into their systems, it comes to Negative interest rates, the GDP Numbers are on the decline. Many are unsure, ask yourself: Is Bitcoin in these turbulent times, still a safe investment?
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The World Financial Crisis, Part 2
Every day there is new bad news for the world economy. The U.S. national debt is nearly $ 23 trillion, the Central Bank prints money and buys assets in the name of quantitative easing. The FED lends the banks money in order to pay its short-term debt, as you slow the cash reserves run out. This “Repurchase funds” will continue, and the interest rates are likely to continue to fall, as President Trump calls repeatedly.
Bitcoin-COP Cameron Winklevoss has called more reasons to a safe port around:
$17 trillion dollars are currently held in a negative interest bonds. 17 trillion reasons why you should own bitcoin.
— Cameron Winklevoss (@winklevoss) October 17, 2019
Little more than a decade, the same banks that plunged the planet into one of the worst financial crises of the century. Banks can not be trusted – which is part of the reason that Bitcoin was created. Many Nations, such as China and India allow him not once – out of fear of their growing populations could be “the light spot”.
This week, pumped China 28 billion dollars in the financial system in order to prevent that the interest rates continue to fall. Today, the GDP Figures released – according to Reports, with the slowest growth in 30 years. The escalating trade war with the United States and the slowdown of the production and investment sentiment have drawn the second largest economy in the world affected.
British politicians are fighting to continue the Brexit that keeps the country in a stalemate situation, and further progress in a Situation that prevents that has been going on for about three years. Meanwhile, living costs are rising – and not in connection with the purchasing power of the masses.
All of this has contributed to the decline of the world economy. The IMF warned this week that global growth will fall to the lowest level since the international financial crisis.
Bitcoin, the safe harbour
In times of Distress and can not leave the people to their governments and to the banks. Fiat currencies are fragile – some of the South American Nations have experienced this year, what can happen to them.
Bitcoin is only a decade old, but it is designed for exactly this purpose. Global recessions are cyclical, and we are on the verge of. Also, Weiss Ratings, Bitcoin now holds a store of Value – after all, he is gone from the last crisis.
#Bitcoin what to overreaction to the financial crisis and the monetary system that allowed it to occur. Today, instead of functioning as an efficient peer-to-peer system for transferring cash, $BTC is evolving into a store of value like gold.#BTC #crypto #cryptocurrency
— White Crypto-Ratings (@White Crypto) October 17, 2019
Now has already passed a decade and yet we seem to be a little bit wiser.
Text evidence: Bitcoinis, MARTIN YOUNG