There is consensus in the market that policymakers would provide unlimited support to asset prices if the situation worsens, leading to lockdowns. However, that would push governments and central banks in a tough spot. With inflation already running hotter than expected globally, lockdowns and more stimulus could lead to stagflation, a period characterized by low growth and elevated price pressures. While bitcoin is widely perceived as a store of value asset, it remains vulnerable to weakness in growth-sensitive assets like stocks.
Boring? Binance Founder Downplays Bitcoin $100K Milestone
Este artículo también está disponible en español. A former executive of the world’s largest cryptocurrency exchange expects that Bitcoin could...
