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BTC regardless the event

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Taking into account the world current economic stage, I think BTC has any motive to go up regardless.

Monetary policy is to stabelize inflation at 2%, meaning inflation will still be here, house prices in the USA will eventualy hit 1M average in the next decades.

Fed doesn't want deflation.

Fed will stop high yields once something breaks in the economy, BTC might drop in price with fearfull investors, but in the end it was made for this to be an hedge against government/central banks and fiat shenanigans.

China is currently in a recession, chinese investors lost hope in the housing market because of shenanigans. They invested in the housing market to preserve wealth, now they will search for other assets, gold is tainted because of a recent news: https://asia.nikkei.com/Spotlight/Caixin/Mystery-of-2bn-of-loans-backed-by-fake-gold-in-China

Europe is in recession and as a European I am fearful that the Union is in a serious downfall, years of inflation, over bureaucracy, energy dependence, lack of investment in new technology, germany losing in the car industry, this will all come together in a devaluing the euro in the long term.

And even if this all comes to not, the economies recover we will still have inflation which BTC is an hedge againts.

Sorry for the rant.

submitted by /u/BlazingJava
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