But it should also be pointed out that Goldman Sachs is steering its investors to a safe haven that doesn’t hedge against this failing system as well as bitcoin does.
The unprecedented levels of stimulus debt will haunt our global economy for decades to come — in a post coronavirus landscape, can cash still be used to keep score? Or should we be banking on Bitcoin instead?
Bitcoin now is the only way out of an over-leveraged economy that has been a shaky house of cards since the last crisis. The last crisis was papered over by monetary stimulus or quantitative easing [money printing] resulting from the 2008 crisis and the state’s poor response. But anyone that isn’t dishonest must acknowledge that a printing press doesn’t make a nation wealthy; furthermore, all nations would otherwise print themselves into prosperity. Printing money and flooding the monetary supply only makes a society poorer.