Consensus Lab Wu Shaokang: Global currency devaluation can reflect the deflationary value of Bitcoin
Shaokang Wu, the chief analyst of Consensus Lab, was a guest in the MXC matcha community. Can Bitcoin Drive the Encryption Market Out of the Independent Market" elaborates wonderful points. Wu Shaokang believes: "U.S.'s unlimited QE policy is essentially to issue money through the three channels of treasury bonds, MBS and commercial paper, and to harvest all countries in the world because the dollar reserves of all countries are worthless. Then. Various countries also use money printing to resist the depreciation of the U.S. dollar. Global currency depreciation can reflect the deflationary value of Bitcoin, but the value does not equal the price. In the long run, the value of Bitcoin increases, while the short-term price depends on it. In today’s highly manipulative market."