Bitcoin is celebrating its 11th birthday in January of 2020. At that time, the euro will be 21 years of age. There is just a single decade, between the two currencies.
There is a remarkable agreement between bitcoin and the us dollar. The euro is considered the first truly transnational currency. You should be able to tell that it was a success (ok, ok, so there are different views on the spread of the euro is in some ways the climate created for a different type of international tender.
However, you can’t be a one-to-one, and the analogy between bitcoin and the fiatvaluta’s. Many people see bitcoin not as a currency but as a commodity. But bitcoin is actually healthy for the money, or sound money, is in the English language. This is because there is a maximum quantity and a predictable issue.
The Fiat is a flexible, issued
The issuing of the fiat will be its very special, said the flexibility in order to stimulate economic growth or impede it. The central banks aim for an inflation rate of 2% per year, which is just enough to avoid stagnation.
The supply of bitcoin was inflationary. But for now, the inflation rate of bitcoin for the first time, is lower than the level at which the central banks. With only 3 million in bitcoins to mine, go to BTC is the next phase of austerity, in.
As central banks stay busy
On the other hand, you can see that the central banks ‘ interest rates will remain lower, and quantitative easing to apply.
The interest rate of the European Central Bank, is less than zero, and that the united states ‘ central bank, meanwhile, are busy dumping billions of dollars into the U.s. economy to inflate. These cash injections are intended to create fear for the assets of commercial banks in the middle of that night.
Bitcoin is still in its infancy
We now know that bitcoin is a fixed supply. However, the market is still very young, and sometimes you get large amounts of bitcoins back and forth to you. This is because the majority of the current bitcoins in the hands of a wealthy elite of early adopters. Also, there are (unfortunately) still the whales that have large numbers of bitcoin to sell, buy or trade to influence the market.
Halving is coming
We have been a little more than 200 days away from the next one in half. As a result, the blokbeloning decrease of 12.5 bitcoin per 10 minutes, and 6.25 bitcoin. Historically, the leading bitcoin block halvings to have a bull run.
This sentiment seems a long way off because of the price, in the past few weeks, especially, have fallen. But keep in mind that the price is not the value of it. The value of the bitcoin just keeps growing and growing, you can see that in the stands. In the computation, the number of transactions and the total number of users will continue to grow.
The blue vertical lines are the halving of dates for the #Bitcoin. pic.twitter.com/JLlfyKsPrB
Alex Melen (@amelen) October 17, 2019 at the latest
The prize spoken of above, you can see that the price for the last halvings well over 40 per cent experienced a decrease. It is a question of sentiment, it is perhaps not the best right now, and the last halvings, it appears to show that the good times return.