Bitcoin will benefit from the money printing too

in LeoFinance •  2 months ago 

We all know stocks go up when money is printed, but bitcoin will as well

We saw what happened the last time QE ran rampant.

Equities went up 6 fold over the course of a decade or so.

Well, now we have even more QE and we can see that bitcoin is very correlated with stocks:

(Source: https://twitter.com/100trillionUSD/status/1274664455817826306/photo/1)

Which means, what's good for stocks will also be good for bitcoin.

Stocks double and bitcoin goes up 10x.

I'm not sure on the exact numbers, but it's something like that.

Posted Using LeoFinance

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We are definitely seeing a flood of capital from cash positions into equities. The smart money realizes that the dollar is getting massively devalued and equities/bitcoin will bear the benefits.

Posted Using LeoFinance

So in the long run, will Bitcoin go up?

People think that Bitcoin will only have 21 million.

It will.

So how much bitcoin is left to be processed?

About 2.5 million or so.