The economic crisis of the Covid-19 has been turned on, the printers of money from Central Banks.The supply of Bitcoin remains unchanged and limited, increasingly reducing its emission.In the future, after this storm –and I don’t mean just the health, but above all to the economic well– some we will remember these days as the largest incontinence of printing money fiat history. I already lost count of the overdose of “liquidity” that has been injected into the veins of the global economy in the last days (the last time I counted, there were over a trillion dollars nothing more in the united States, without this stop the bleeding in the traditional markets. The shock therapy has had poor immediate effects; the effects of future seem so much more daunting. Meanwhile, the monetary policy of Bitcoin remains intact. Rather, it is to weeks to reduce their emissions.The declaration of global pandemic of the Covid-19 has led to the sales of a panic in almost all markets. Bitcoin has been no exception. It fell to its lowest price in the last twelve months in a matter of hours. But unlike indices such as the Dow Jones or the S&P 500, bitcoin has been registered, although still shy, a slight recovery and support around 6,000 USD.Often forget about, when the detractors of Bitcoin are invaded by the irrepressible physiological need to add new dates to the already large list of obituaries of the first criptomoneda, that in climates of uncertainty, cash is king. Purchases nerve unleashed at the global level –matching in a violent demand for toilet paper–, have highlighted not only that the human irrationality knows no borders and that there is no first, second or third worlds when it falls prey of the panic, but also that people will liquidate all your investments to be able to have access to goods and services if they need to, even more so if it comes to risky investments.People need money on hand to solve any problem that arises. You can’t buy food or drugs with bonds, stocks or securities. That’s why the massive sales were detonated circuits off preventive of the New York Stock exchange, stopping several times to trade in this market. But Bitcoin no one can shut it down: the blocks are still chipping away at your time and average the investors can have access to their money when they have to do so. It is said that freedom is not safe, and probably the losses to those who need to change bitcoin to fiat at this moment are rather painful, but what was demonstrated with this fall is that, for good or ill, Bitcoin is one of the investments more efficient to liquidate.This property does not seem a comfort to those who see the need to sell at such a low price. What was not Bitcoin of a savings technology, not only in the sense of saving as a store of value, but as a lifeguard before the wrecks of the money fiat? Yes, and it still is. Only that this most recent wreck is just beginning.Since the fall of the Gold standard, that is to say, when a ticket represented a version more portable and lightweight but equivalent to the precious metal, the emission of money inorganic by banks and governments has become so massive whenever circumstances have demanded liquidity where it exists, to rescue banks and businesses to the brink of bankruptcy. Under the excuse of stimulating demand and production, many economies of the world have maintained expansionary policies based solely on the issuance of debt with very low interest rates.Image: collage of Breaking News with images by f9photos and grafvision / elements.envato.comSin fall into moral debates about whether these bailouts are required or not, the fact is that injected from the nothing –or, rather, from the pocket of those who pay taxes– billions of dollars in the economy of a country, to eliminate the need to maintain reserves for banks, to cut to zero the interest rate in the short term and to 0.25%, the discount rate for loans to banks (which can swing in an endless cycle of loans), as well as purchase of 700,000 million dollars in Treasury bonds and mortgage securities, as it did last week the Federal Reserve of the united States, no doubt have inflationary consequences for those who shelter their capital in dollars. And this, combined with the stoppage of production due to quarantine, does not augur a promising future for the global economy, saying the least.At this point, it is useful to remember the so-called effect Cantillon. Richard Cantillon, an economist of the EIGHTEENTH century, noted that to the extent that new money is entering the economy, the first to have access to a money newly created –banks, usually– will take advantage of more buying power because still not have had inflationary effects on the value of the products; on the contrary, for those who delayed in having access to it, only reduce the effectiveness of purchase of all your money. This is probably what happens, but multiplied by billions of dollars.The scenarios are a lot like the financial crisis of 2008, at which time it was carried Bitcoin –it is worth recalling the historical message indexed to the block genesis: “The Times 03/Jan/2009 Chancellor on the point of second bailout for banks”. History repeats itself and here begins the true test for Bitcoin.Unlike the united States, where the Federal Reserve may allow banks to borrow infinite money between them at no cost and without the need to repay debts in the coming months (as indeed is happening), and increase the amount of circulating disproportionately, which inevitably will hit the purchasing power of its citizens and devaluará the wealth of their savings; the supply of bitcoin remains intact: by code, there will only be 21 million BTC in existence, and its broadcast continues at a decreasing pace. Precisely, we are less than two months before the halving, at which time the issuance of bitcoin is reduced, again, to the half.Not only is that before a dollar devalued, the unit of Bitcoin will have a higher price in a relationship with him. What is important is that these measures of shock on the part of Central Banks only demonstrate the power that can have an officer on the wealth of its inhabitants. As is the case with the gold reserves historical value, the supply of which, although unknown, it is difficult to increase by more work that you apply to your extraction, with Bitcoin this supply remains unchanged. And while increases its demand, with an increasingly limited supply, inevitably, their market price will tend to grow.You can argue against that the behavior of the market of Bitcoin until now has been shown to be deeply irrational and that its price is still far from being settled. All in all, if it is repaired in the minimum annual price of Bitcoin, it can be seen that it has kept growing throughout its history. And if you still doubt your ability as a store of value, its properties of inconfiscabilidad, resistance to censorship and globalism continue to demonstrate their usefulness in moments like this, when banks put a limit on cash withdrawals, that is to say, rule over your money.The money can be said, broadly, that it is a narrative, an idea objectified that agrees intersubjective to facilitate the exchange and preserve value (also inter-subjective). But these narratives do not spread, nor to legitimize so innocent; are typically always associated with a heavy burden and the political and ideological, although this does not remember during your daily use. Trust in a currency often involve relying on the State, government, or at least in the economy of the country in which it is issued, from which comes the name of trust (fides: faith). But if left to rely on the economic policies of a State, it is useful to be able to have an alternative open and predictable.Bitcoin is perhaps the currency is more ideological and based on narratives that currently exists. All the mythology resulting from the mystery of its creator serves as the foundation to establish itself as an institution acéfala and without the need of leaders, self-centered, resistant to arbitrariness, opt-in and consensual. The immutability of its supply has become one of their narratives more deeply rooted, being the scarcity of broadcast one of the flags with more pride flying the bitcoiners. Fidelity to this principle, as well as to perceive the ravages of inflation that can cause a supply variable and subject to the arbitrariness of the ruler in turn, gives confidence that the monetary policy of Bitcoin will remain intact no matter what.For those who do not it is just a investment that is risky, using Bitcoin is a form of protest radical to the traditional financial system and its keynesian policies. A protest, not as requesting, please, a reform; but taking the desire for change in own hand by the distaste resulting from such lousy management.The immutability of its supply is equivalent to predictability, even though it may seem paradoxical when contrasted with the volatility of its price. This is only so when compared to another currency; in itself, for its supply unchanged, 1 BTC always equals 1 BTC. We can have certainty that the monetary policy of Bitcoin will remain intact, that no one can stop your trade arbitrarily by falls, that any third party will be able to confiscate, limit their movements or to use for personal investments, without having to leave anything in reserve.Bitcoin will continue to be free, and controlled only by mathematics.Disclaimer: the views and opinions expressed in this article belong to the author and do not necessarily reflect those of Breaking News.