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US Congressman: Bitcoin (BTC) Is a Great Store of Value, Central Bank Printing Has Consequences

by CBDC Insider Staff
June 11, 2020
in Business, US
Reading Time: 1min read
0
US Congressman: Bitcoin (BTC) Is a Great Store of Value, Central Bank Printing Has Consequences
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US Congressman Warren Davidson thinks Bitcoin is a great store of value while taking shots at central banks for their efforts to print more money.
The modern monetary theory: people that believe if you have a central bank, you can just keep printing [money]. That’s not what history shows, and frankly the logic of it is that you can just dilute the value of everyone’s money and there’s no consequence for it, and that’s completely irrational. So people in the crypto space and obviously Bitcoin fans will see the fallacious argument for what it is.”

Continue read: https://dailyhodl.com/2020/06/10/us-congressman-bitcoin-btc-is-a-great-store-of-value-central-bank-printing-has-consequences/

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