Thread: crypto currency
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Old 05-17-2021, 12:40 PM
DaddyD DaddyD is offline
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Quote:
Originally Posted by Boston-Sean View Post
I cam across an interesting theory about how Central Banks view Bitcoin.

The theory is that CB's are happy to have the Crypto market to function as a release valve while the CB's print endless amounts of Fiat currency. Without the Crypto markets all that money ($2 trillion) would be flowing into "real" asset classes like real estate and the stock market thereby inflating bubbles the CB's have difficulties deflating.

Crypto Bubble(s) would seem to have little effect on the real economy unlike things like a real estate bubble.

That's the theory for how they view it now, while they are printing fiat.

If\When they stop printing fiat the theory goes that the CB's will turn on Bitcoin and fight against it.

Not that they'll be able to do anything.
Really interesting theory--please post any links you can find discussing this theory.