Bitcoin Nose Dives as Economic Deflation and Fiat Price Inflation grips the global economy – September 21, 2021,

Price discovery in fiat dollars will become a challenge going forward as deflation in the global economy gets paper’d with stimulus checks. Most governments of the world are not only in debt, but they’re also having problems with shortages, which mean’s printing money even in a price-controlled environment will create a situation that we’re seeing with Playstation game consoles.

Although there’s a relatively fixed price for Playstation 5 game consoles, chances are in 2021 you’re going to have to pay an inflated price at a third-party vendor to get your hands on one. Why is that? Well, many will say there is too much cheap money in the economy?

Well, a lot of that cheap money found its way into Bitcoin as Bitcoin is currently a means to get rich quickly, at least that’s how it’s being sold to a lot of people. There’s a lot of value in bitcoin, but everything about it is duplicatable and the reason groups of people are unwilling to duplicate Bitcoin is because most people are waiting to see how it’s ultimately regulated.

If it’s not regulated or it can’t be regulated, we all expect there to be more crypto-networks in the future as more developers with the knowledge and skill to build their own network, don’t like the idea of being slaves to the Bitcoin establishment.

Cheap fiat money has been the engine of Bitcoin and being that Bitcoin is a derivative of fiat money when Bitcoin nose dives chances are people are either losing their patience with bitcoin not appreciating in value and/or the investor is running out of fiat money and needs to cash out of the Bitcoin position.

Interesting times ahead