Feds Is Printing Money NonStop, Coinbase Is Public, Bitcoin is Surging High As Well
Printing continuously more money no doubt just creates the value of a country's assets and its fiat currency be devalued to zero, in other words there will be inevitable inflation.
In history, every fiat currency the world has known all of them just collapsed to zero which was the result of unlimited printing of money.
The question is, how are we going to learn from our mistakes?
Thanks to these cryptocurrencies now we are experiencing huge surge in crypto investments, it all started with Bitcoin given the fact with its limited supply of 21 Million coins. Let's face the fact one of the reason why cryptocurrencies are doing excellent in the charts today are the young people worldwide; people in their twenties, thirties, and forties, these people are adapting to the new trend of money which is the digital money, popularly the Bitcoin.
What we are seeing now is the mass adoption of Bitcoin. In fact, huge institutions are the catalysts of these adoption.
Why Is Bitcoin Surging Higher?
Moreover, Bitcoin's surge in price can be attributed to the top financial institutions namely, Mastercard, Visa, Tesla, and Paypal now accepting Bitcoin in their balance sheet. In effect, existing clients of these companies are now starting to hold Bitcoin in each of their accounts.
In my view, since Bitcoin is fairly new and is currently surging non-stop from the last four years I do not recommend spending it in exchange of something tangible or something that depreciates. What I mean is you will just feel the regrets of spending your Bitcoin when you see the price is doubling up, especially in a short period of time.
I suggest you stake your Bitcoin or your crypto money in DeFi where you can earn interests, and once you have earned from staking you can then spend it anywhere you want it.
The Impact of Coinbase to Crypto Market
Coinbase ($COIN) is listing public for US$100 billion on NASDAQ. A gigantic leap for the cryptocurrency market this will furthermore transfer huge wealth to the digital world from the millions of people around the world.
How Will This Affect Bitcoin Price?
I can very sure Bitcoin will hit $100k mark before the end of 2021. It can even got to $200,000 per Bitcoin. This a very lucrative investment for everyone, importantly if you have been following the growth of the crypto industry. At this point it time it's sky-is-the-limit.