2 min readJan 7, 2021
Why #bitcoin is pumping, a short story.
USD or any other Fiat is infinitely printed by the government.
Inflation hits at an average of 3.5%, thats taking 100 from 2020, and being worth 60 in 2000.
Ignoring the fact in 2020 they printed 9.5% of the total GDP,
So in 2020, 9.5% printed as a bailout and 3.5% average annual that means from 2020–2021 that means the dollar is worth 13% in just one year.
This is how they devalue labor and increase the cost of living.