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Dollar depreciation vs. the growth of bitcoin
Investors prefer bitcoin over the dollar
According to the statistics of some experts, every day we observe how bitcoin or the rest of the cryptocurrencies continues to be the preferred one in commerce, giving the dollar the toughest competition.
People begin to consider the crypto world as the best space for investment and savings, leaving traditional methods behind and gradually causing the dollar to lose popularity.
Its economy has been losing purchasing power throughout this time, and even more so when the spread of the coronavirus emerged, which ended up questioning the global economy.
The depreciation of the dollar is not a current problem
It is important to mention that the depreciation of the world's number one currency has been going on for years. Due to how strong the digital market has become, we can now easily have a sheltered dollar as a crypto with the same value called Tether.
While with bitcoin you would have to have at least 43 thousand dollars according to the date of this article.
Actually for these times the dollar only forms the basis of a symbol in the digital world; Because it is very well the best known in the world, but this has changed with cryptocurrencies and more with bitcoin.
Why does the dollar keep losing value?
The dollar is the currency that has the greatest influence in all countries, and all the power of the economy is governed by said asset.
The dollar began to lose its value when the vast majority of small and large companies opted to invest in a currency with better validity.
Remembering that the validity of a physical currency begins with the wealth of its country and how the same currency is administered to give it even more weight than it has. Therefore, the dollar is a paper tiger, that is; It is a power without any base, because it is not backed by the natural wealth of its country.
So how has it become so used and so important in these times?
Well, they have come to take advantage of the authority of their country to achieve too high a printing press. And get other countries to use it, so it would be a type of physical cryptocurrency.
Although clearly they have already begun to stop using it to prefer a bitcoin, and other cryptocurrencies, because they are higher and with some have more security; something that the physical dollar does not have, and therefore its value goes down.
Bitcoin as a backing for many economies
Bitcoin has been a source of intense debate for many nations, which seemed like a type of currency that was not going to have a large scale.
Today it has left many of the nations to think about investing in that digital market; for the great utility that it can have and the gains that it can leave in a country for the betterment of the entire community that is managed under a democratic state.
The rulers have put to work when investing, since they have realized that its value, although volatile, can be maintained and rise in a not so precipitous way.
That is why they have noticed that the security and the way to protect the virtual currency has been mainly one of the most positive things.
If a country encounters a constant lockdown due to political decisions or some kind of problem with an external nation, cryptocurrencies can be an excellent backup.
This could safely use the bitcoin because no intermediary would be needed, much less any law that would prevent the nation from trading with another.
Bitcoin aspirations that position it over the dollar
The aspirations have been completely remarkable, for example: one of the most common is that bitcoin is for everyone who needs it. And it is that truly nobody knew what could happen with bitcoin and its rise to human reality.
However, each one of us has realized that what seemed like a confused dream, is a palpable reality; and that we can all have it in our hands even if it is not physically.
It has positioned itself as one of the greatest forms of investing, although the great traditional economists have had certain doubts in making a decision, and say that they have been wrong.
Over time, it has been determined that if everyone takes the global currency as bitcoin, it could become much more stable than any type of currency that has ever existed.
His greatest aspiration is to reach the hand and be essential at any scale in the world, to be able to buy, sell and even become a lender.
The difference is that bitcoin is completely technological. It would not be necessary to opt for a massive felling of trees, but rather more and more nodes would be made with the emancipation of users at the time of making a type of transaction, short, long, complex and simple.
There would be no excessive collection rate and perhaps at the time they have come to want to be the main currency of a country to create a pilot test of how a digital currency, which could become a fundamental pillar for those who want to have significant financial progress.
So bitcoin cannot be raised and lowered by some political or production factor, because its elevation and decline simply starts from the interaction between users and how many people tend to mine this cryptocurrency.
In this way, there is a greater chance that the price will be established and that it will not go down at any time, not counting the probability that it could go up in price.
