In Bitcoin We Trust?

In Bitcoin We Trust?

The combined effect of the pandemic and technology on capital markets is generating all kinds of poltergeists, strange phenomena that are turning out to be a horror movie for some, and for others, an opportunity to explore new territory. Let's start with the facts: since the beginning of the pandemic, which saw a halt or a sharp reduction of economic activity for a lot of people, many of whom were already in a vulnerable situation, the US government has already approved economic aid packages worth a staggering $4. 1 trillion. The money being doled out in the form of government checks and economic stimulus did not come from any kind of asset sales or additional tax revenue, and instead has simply been printed. Richard Nixon pulled the country out of the Bretton Woods agreements in 1971, meaning the greenback was no longer convertible into gold, but this hasn't prevented the United States from shaking its magic money tree from time to time, which usually has a huge impact on the global economy: for half a century, we have trusted the dollar on the say-so of the government of what is now the most indebted country in the world. Without disputing