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I don't really buy that argument. Yes, central banks can print more money, but it's not like they can print 30 percent of the existing money within a year to co
by salient 13y ago
I don't really buy that argument. Yes, central banks can print more money, but it's not like they can print 30 percent of the existing money within a year to compensate for the 30 percent rise in demand for the dollar. But again, I think huge volumes and the law of numbers play a big role here, because I don't think it's possible to see a 30 percent rise in dollar demand within a year anymore, while that's very possible with Bitcoin (for now).
- collyw 13y ago30 percent overnight, no. Fractional reserve banking means that they only have assets worth around 10% of the actual money they put into circulation.