[2017-01-22] QE and Capital Controls Create Worldwide Demand for Bitcoin

[TwoTimes]

Bitcoin had an incredible run in 2016, finally breaking $1,000 USD on New Year’s Day 2017. Many people are curious to find out why significant amounts of money found its way into the bitcoin economy over the past year. Two of the biggest reasons that are spurring bitcoin demand worldwide are bitcoin’s censorship resistance and it’s store of value attributes.

The global economy is going through significant changes and tumultuous times. Because traditional markets are failing globally, people have been searching for a financial escape and economic safe haven. Bitcoin has filled the role of currency and store of value that is helping people worldwide. These needs have attributed to the exponential demand bitcoin has seen over the past year.

Read More Here: https://news.bitcoin.com/qe-and-capital-controls-create-worldwide-demand-for-bitcoin/

[Papa Bear]

QE and Capital Controls Create Worldwide Demand for BitcoinBitcoin has a lot of benefits to why it’s useful but most likely the biggest reason is because it helps people escape monetary losses imposed by central authorities. It’s safe to assume that these financial restrictions will grow throughout many countries worldwide. This means bitcoin’s censorship resistant uses and its potential to remain a store of value will continue to entice many people. Bitcoin was born as an alternative to the central edicts of those trying to control the world’s wealth. As countries tighten their grips on their citizens, more people will try to escape the clutches of totalitarian financial regimes.

[aso118]

Capital controls create an immediate demand for Bitcoin as it can be used to circumvent it. Quantitative Easing - I am not so sure. It would only result in a decrease in purchasing power of your money after a prolonged time. So I doubt if people are flocking to Bitcoin due to QE.