Trusted

‘Unprecedented Monetary and Fiscal Stimulus’ Will Hasten Bitcoin’s Rise Says Report

1 min
Updated by Kyle Baird
Join our Trading Community on Telegram

In Brief

  • Electric Capital published an excerpt from its latest newsletter which makes a compelling case for 'programmable money.'
  • Due to the monetary and fiscal situation, Bitcoin is in a unique position to shine.
  • The report cites the collapse of trust across the world as evidence that programmable money will soon be a necessity.
  • promo

A new report by Electric Capital makes a compelling case that the current fiscal and monetary environment is the perfect storm for programmable money like Bitcoin.
An excerpt from the group’s latest newsletter was recently published here. Bitcoin’s reaction to the broader market has been promising thus far. For much of the past three years, Bitcoin has stayed within the bounds of financial markets and has been heavily correlated with mainstream financial assets. However, the past few months have seen a soft decoupling with Bitcoin frankly ‘going its own way.’ This is promising given the current monetary and fiscal environment, according to Electric Capital. The group concludes that Bitcoin ‘may already be a store of value versus other currencies.’ It is only relative to USD that Bitcoin is currently not a store of value, but it nonetheless shows potential. Bitcoin Halving For Electric Capital, the case for Bitcoin relies on three main areas: the leading cryptocurrency must possess (1) utility, (2) trust, and (3) adoption. According to the report, Bitcoin possesses all three of these characteristics. The report also documents the collapse of trust in existing systems of government, media, financial markets, and so on. and concludes that a cryptographic system like Bitcoin could fulfill this trust gap. Electric Capital’s report ultimately bears resemblance to one put out by famous hedge fund head Paul Tudor Jones this month. Jones also made a bullish case for Bitcoin with many of these same arguments, concluding that Bitcoin’s position is strong amid the current monetary and fiscal environment. Although short-term trends are difficult to predict, ultimately the report makes a compelling case for Bitcoin’s long-term longevity.
Top crypto platforms | October 2024
AlgosOne AlgosOne Explore
BYDFi BYDFi No KYC
Margex Margex Explore
Сoinex Сoinex Explore
Top crypto platforms | October 2024
AlgosOne AlgosOne Explore
BYDFi BYDFi No KYC
Margex Margex Explore
Сoinex Сoinex Explore
Top crypto platforms | October 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

photo_Anton_circle.jpg
Anton Lucian
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.
READ FULL BIO
Sponsored
Sponsored