King crypto money altcoins as the currency struggles to close above $60,000 game The area is opening up. The bullet that dodged Trump hit the crypto bears and Bitcoin is on the rise again due to the excitement of the November 2024 elections. For now, maintaining $ 60,200 may open the door to new trials in the coming hours.
Deflation and Bitcoin
It was a much debated topic and Fed‘s monetary policy has caused investors to have different concerns since the beginning of 2022. Giant institutions that laid off workers, saying a recession was coming, were then worried about deflation. Jeff Booth, author of The Price of Tomorrow BitcoinHe believes that (BTC) is the only force that follows the natural state of the free market. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
In his interview with Natalie Brunell, he talked about how technology should lead to a deflationary world by lowering the prices of goods and services. According to him, Bitcoin is a game changer because it is the only asset that can create a system with abundance at its core.
“BitcoinI see it very differently than most people… The natural state of the free market is deflation, and technology will enable that deflation to happen much more rapidly – at an exponential rate – and that deflation should not be feared because what actually flows to us as productivity is the abundance we live in and the ability to do whatever we want…
“Anything that stops that is not the economic system, it is not the political system, it is a system of control that derives its power from stealing from you… Once you realize that that is true, by extension, everything else in the current system is stealing from you.”
They Will Continuously Fall Against BTC
In other words Bitcoin (BTC) assumes that the price will constantly rise, and Booth imagines a world where the single currency grows in all parities, which will eliminate inflation.
“So Bitcoin stands as the only thing I’ve found that can protect you from that. It’s not a coin. It’s a protocol that’s constrained by energy. It’s an open, decentralized, secure protocol that’s constrained by energy. It doesn’t care if you want to price it through currency or through pieces of paper that are manipulated. It doesn’t care, it just keeps moving forward.
Therefore Bitcoin“All prices are falling and will fall forever because that’s the only free market force that exists and everything else that depends on the other system is not. It’s a control system.”
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
