Cryptocurrency entrepreneur and enthusiast Charlie Shrem said the global spread of the corona virus and government efforts to minimize the impact of the pandemic on the economy dThey should “melt” the market in different countries of the world and thus weaken the national currencies. However, this scenario, along with the halving, will result in Bitcoin “rising like a rocket”.
According to him, more than $ 3 trillion in “new” money is injected into the economy through government measures in the United States alone. Part of this money goes to people who had a certain reserve and were able to take care of themselves in times when economic activity was declining. When they return to work, they don’t necessarily need this money to survive. Open up investment opportunities.
“We printed two trillion dollars in cash in the United States. People are starting to get all that money. All of these people are likely to receive unemployment benefits when they are about to return to work and have not had to spend a lot of money at home in the past few months. ”
According to him, with the money to invest and the halving that is imminent in Bitcoin, this will result in people investing in the main cryptocurrency in the market as it is You will see the risk of holding your dollar reserves amid a global economic crisis.
“And then you have to The halving will suddenly halve the selling pressure at the end of next week … So suddenly cut in half and now all the money, what do you think is going on? People will look for Bitcoin and those who don’t will see Bitcoin’s value rise as the dollar’s value falls. So the people who kept the dollar are screwed“he said.
In fact, reports have shown that in the United States, the government-announced “Coronavoucher” economic incentives have been partially used to invest in Bitcoin and cryptocurrencies.