Several people are not seeing the worse of inflation coming. The idea of the USD dollar as the world reserve currency is something that is unwanted for the financial system, which is already in existence. The global role of the USD got already put to the test. There is a widespread realization of a more and similar power structure between the major currencies.
Ivan on Tech tweeted: “BREAKING: Fiat currencies across the world are collapsing as we speak Last week Lebanese pound lost 50% of its value, Argentina now entering hyperinflation too Central banks worldwide are printing people into starvation Time for plan B Buy #Bitcoin.”
After the halving event, the annual inflation rate of Bitcoin will be 1.8%. When compared to the global average, it is considered to be a far lower inflation rate. However, there are not many investors, and analysts convinced that this would contribute to its price increase.
Sydney Ifergan, the crypto expert, tweeted: “Bullish Bitcoin (BTC) investors are already drooling and dreaming about the advantages they can pack in with the upcoming halving event.”
The halving is sure meant to limit the Bitcoin supply and prevent the inflation process. However, the cryptocurrency sentiment is different with different people. And, in an uncertain market where investors are obsessed about liquidity, there is no hardcore ideal of how the brains of different levels of investors will make. However, there are market makers to bake the entire sentiment. We need to wait to see how reality unfolds.
There is nothing to deny the fact that Bitcoin developers are into business as they used to be. Miners know their rewards will come down with the halving. The halving might not really affect miners if inflation will contribute to the rise in the value of Bitcoin. The headache for the miners is truly when the value does not increase. They are into business, and they knew all this beforehand. And it is only the watchers and speculators worried about the miners losing money. The miners knew they are going to have to deal with such things when it all started.
When speculators are worried about how on earth the miners will survive and how the nodes will operate, practically, those who decided to invest their money in the nodes knew all these were coming. They understand why there are in for. Maybe there are hobbyist miners and other impulsive miners who might suffer if the price behaves wizardly.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
Get the latest Crypto & Blockchain News in your inbox.
