Bitcoin Highlights the Virtues of Quantitative Hardening

Bitcoin Quantitative Hardening is to be contrasted with the Quantitative Easing led by the Fed.

Illustration by In Bitcoin We Trust

Since the beginning of the coronavirus crisis, you have probably heard several times about quantitative easing. If you find the economy, and particularly the monetary and financial system, too complex, you may not have reacted immediately when you heard this term come back into the limelight.

However, the unlimited quantitative easing program conducted by the Fed since March 23, 2020, will have a strong impact on your daily life in the weeks and months to come. The inflation of the money supply in the U.S. dollar that this will necessarily induce is likely to lead to a strong currency devaluation.

The U.S. dollar being the world