JPMorgan Thinks They Found Bitcoin’s Weakness, But Not So Fast

JPMorgan Thinks They Found Bitcoin’s Weakness, But Not So Fast

JPMorgan says that Bitcoin’s fixed production schedule would be harmful during “liquidity crisis.” Following a major economic shock, central banks tend to inject more money in order to soften the blow. However, what JPMorgan sees as a weakness, Bitcoin investors see as a strength, because no central authority can inflate away the value of Bitcoin. When new money is injected into an economy, the resultant inflation serves as a sort of hidden tax on everybody.

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