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The more new fiat money is injected into the economy, the more valuable cryptocurrencies become. It doesn't really matter where that fiat money enters the mark
by cryptica 7y ago
The more new fiat money is injected into the economy, the more valuable cryptocurrencies become.
It doesn't really matter where that fiat money enters the market. So long as there are millionaires and billionaires at the top of the food chain who keep amassing big money without having to lift a finger, cryptocurrencies will have increasing value.
The Fed's policies have created a large and growing class of people who simply don't know what to do with their money - And these people just keep dumping their money straight into cryptocurrencies and corporate stocks.
It doesn't matter where they dump their money in fact. So long as what they're buying is more scarce than their fiat money, it will go up in price - And to many rich people today, pretty much everything which exists is more scarce than fiat money so the bar for what makes a good investment is very low.