The central banks are printing money like crazy, and it's only a matter of time before Bitcoin reaches $200,000!
From 2020 until now, the 21 global central banks have directly increased the M2 money supply from $72 trillion to $112 trillion, a significant jump. Especially in the year of the pandemic, the speed of printing money skyrocketed as if on steroids, soaring by over 15% year-on-year.
How has Bitcoin responded?
It was at $4,000 in 2020 and flew to $64,000 in 2021, basically taking off along with M2.
Now that M2 has piled up to $112 trillion, why hasn't BTC surged yet? That's just a matter of timing.
The core logic is simple:
Fiat currency is printed infinitely, and depreciation is the trend
BTC supply is tightly locked, naturally making it hard currency
After each round of money printing, BTC prices always experience a wild surge
Simply put, Bitcoin is the ultimate reservoir against inflation.
As the money in your wallet becomes less valuable, it is quietly becoming one of the few assets that can withstand the test of time.
So, $200K for BTC?
Don't laugh, this could very well be the 'byproduct' of the next round of money printing.
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