Unprecedented Rise in Bitcoin, Predicts Elon Musk
As the endurance of the United States diminishes at all times before we see it, Musk alerts those peligros that this circumstance represents the stability of the world economy. This crisis, moreover all of its repercussions for the estadounidense nation, could hold a domino impact in the financial markets, especially in Bitcoin, although considered a sanctuary frente the economic uncertainty.
Elon Musk, with his own style, found himself on top of a hefty mountain of bitcoins. He heads towards the sky, with an expression of confidence, and quickly increases the Bitcoin curve which can be appreciated in the sky as it passes by. The sky was colored red and orange, representing the crisis of death and the increase in markets.
Elon Musk was alarmed by the devastating effect of the National United States, currently estimated at $35.7 trillion. “We are interested in the fact that we only represent 23 percent of all federal tax authorities,” declared Musk. He also noted that our current subscriptions are superannuated by the huge assumption of the Defense Department, calculated at $1 trillion annually. For Musk, it is obvious that these levels represent a direct risk for economic stability at large.
The impact of this enormous impact is perceptible at every level. The historical increase in interest rates on the part of the Federal Reserve to counter inflation does not only increase the growth rate, but also fuels the effect of a domino at the economic level. As the piles increase, the obligations of interests increase, emerge at the Union of Europe in a small spiral. Musk has characterized this scenario as a “cataclismo at the point of occurrence”. He believes that this may force the administration to issue more money, a scenario that evokes the antiguas economic crisis.
Amid this crisis, Bitcoin has become increasingly vulnerable to inflation. As trust in fiat, cripto, decentralized and protected currencies is affected by diminishing government manipulation, it is likely that its price will continue to change. Some observers are comparing this situation with gold, commonly seen as a safe course in periods of economic uncertainty. They even anticipate that Bitcoin can compete or include super gold in yield terms.
However, this increase in Bitcoin is not an exento de riesgos. If the cryptocurrency market surges in response to the crisis, you may also increase the volatility of these activities. Since Bitcoin was created to resist inflation, its large adoption could cause an excess of speculation and generate new financial booms.
If the current situation persists, the increase in poverty and inflation may have repercussions at world level. Bitcoin, in its refuge paper frente a inflation, can experience an exponential growth in its popularity, with a major adoption by part of financial entities. However, the signs of volatility and speculation persist, presenting future prospects for the world economy. The questioning persists whether the traditional markets can adjust to this new reality.