Expecting a continued downturn in traditional markets over the next few months, foreclosures will lead to banks struggling which may lead to another round of bailouts.
QE + Deflationary bailouts will lead to devaluing of the dollar.
Simultaneously, Bitcoin
BTCUSD
is becoming more scarce. People will seek out alternatives to their government issued currency while the fed continues to edge closer to runaway inflation.
You know the next part - Supply goes down, Demand goes up -> Price goes up.
Devaluing of the dollar, combined with the law of supply and demand naturally driving up the price bitcoin create a multiplicative effect so the price could reach ridiculous highs that people cannot possibly fathom today.
QE + Deflationary bailouts will lead to devaluing of the dollar.
Simultaneously, Bitcoin
BTCUSD
is becoming more scarce. People will seek out alternatives to their government issued currency while the fed continues to edge closer to runaway inflation. You know the next part - Supply goes down, Demand goes up -> Price goes up.
Devaluing of the dollar, combined with the law of supply and demand naturally driving up the price bitcoin create a multiplicative effect so the price could reach ridiculous highs that people cannot possibly fathom today.