With each passing day we get closer to an event that will define many things within the crypto community. We refer to the Halving of Bitcoin, expected for the month of May. And it comes at a difficult time for markets and societies, when humanity faces the Coronavirus pandemic, and governments begin to increase their spending exponentially. Whereupon, Anthony Pompliano considers that Satoshi Nakamoto should be smiling in the Tweet of today:
Is Satoshi Nakamoto smiling?
Never in its history has Bitcoin gone through an era like the one we currently live in, although Satoshi Nakamoto predicted it. When a pandemic of the magnitude and severity of the Coronavirus threatens to change our lives forever. Forcing more than 2 billion people around the world to quarantine, to prevent its spread. While on the economic plane, the work stoppage seems to us to be heading towards a strong economic recession.
Just to avoid this last effect, is that the governments of the western world are preparing multimillion-dollar stimulus plans, to keep their economies working in this time of crisis. A decision that has been criticized by several of the most important analysts in the crypto world. For whom these actions would consist of printing unsupported money, and therefore will have inflationary effects on the economy.
Therefore, no matter which crypto or perception you support, it seems that Satoshi Nakamoto’s vision of the inefficiency of traditional markets seems to be gaining strength.
Bitcoin was created for this challenge
A situation for which Bitcoin was designed. Well, when Satoshi Nakamoto created the world’s first cryptocurrency, he did so as a deflationary currency, decentralized and impossible to manipulate.
What would avoid monetary issues like the one raised by the US Federal Reserve. A situation that, combined with the Halving on the Bitcoin Blockchain expected for this May, makes Anthony Pompliano say that Satoshi Nakamoto should be smiling wherever he is:
“One month to the Halving of Bitcoin and the FED is injecting trillions of dollars into the economy. Satoshi Nakamoto is smiling somewhere“
With this comment, Anthony Pompliano does nothing but reaffirm his stance of the last few months on the future of the Bitcoin price. Hoping that the combination between Bitcoin’s Halving, and the increase in monetary liquidity in the United States, will lead to an increase in the price of BTC at least as great as that experienced in 2017.