Bitcoin World’s 30th Largest Currency, Market Cap Closes on Mastercard
I&#x27;m a bit weary. Say this cryptocurrency thing does take of and it&#x27;s not a bubble. Then wouldn&#x27;t this have similar effects that quantitative easing would have? I understand quantitative easing as &#x27;printing money&#x27;, because I&#x27;m not an economics person.<p>But if this would take off and get a strong foothold at the prices that we&#x27;re seeing now (bitcoin almost 10K in dollars), then didn&#x27;t some subset of techies print <i>a lot</i> more money than there is?<p>To me it seems there might be a chance that we&#x27;re devaluing real currencies by quite a bit over the course of the next couple of years. Of course, the bigger chance is that this is a bubble and it will pop, but what if it isn&#x27;t?<p>I know this is quite an unnuanced comment. I&#x27;m putting it out here, because I feel other people have the same concern and would like to see people who know a bit more comment on these ideas.