Bitcoin Beats Banks: The Value Of BTC In The Monetary System

Bitcoin is a lot of things to many people. For some, it is a way of trading and making money in the short-term with day trading. For others, it is a great hedge against political and economic adversity. We could see over the years that Bitcoin beats banks and regardless of its price fluctuations, it does something that banks never can – empowering the people that hold it.

While another week goes by, billions of Bitcoins get injected back into the US financial system by its central bank. According to reports by the WSJ, the FED just added another $57.5 billion in temporary liquidity to financial markets this Thursday. Meanwhile, the Bitcoin news show that the cryptocurrency market is stable.

The central bank has been meddling in markets since September and plans to increase its repurchase operations over the holiday period. More than triple of the current BTC market capitalization will be pumped back into the economy by the FED. Now that Bitcoin beats banks, we can see that the extra $425 billion show that banks are actively encouraging more credit in an economy that already has a galloping debt of over $23 trillion according to USDebtClock.org. Estimates show that this debt will hit $30 trillion in the next four years.

One analyst talked about how Bitcoin beats banks and why the value of BTC is immense. The analyst ‘PlanB’ compared the stock to flow model to the national debt and said:

“You think bitcoin stock-to-flow model predictions are unrealistic, flawed, absurd? I think negative interest rates & quantitative easing are absurd, printing $21 trillion out of thin air since 2008.”

You think #bitcoin stock-to-flow model predictions are unrealistic, flawed, absurd?

I think negative interest rates & quantitative easing are absurd, printing $21 trillion out of thin air since 2008: 99.99% went to bonds, stocks and real estate, only 0.01% to bitcoin. #QEternity pic.twitter.com/EOwM0GTtTY

— PlanB (@100trillionUSD) December 19, 2019

As recently reported by RT, US government may have misspent a similar amount as the ineptitude escalates. The news stories show that two departments may have spent as much as $21 trillion on things that they cannot account for between 1998 and 2015.

With its fixed supply and inflationary rates, BTC is a mathematically sound solution to the monetary madness that is right now orchestrated by global banks. While analysts note that Bitcoin beats banks, it is the banks which caused the 2008 financial crisis and are likely to cause the next one which could be imminent if current trends continue.

“Companies are buying back their own shares with that money. CEO’s of those companies are getting richer and richer and have few other options than to put their money in real estate,” PlanB added.