Coinbase’s Institutional Coverage team member, Max Bronstein, has made a bold claim that there will be “fireworks” in the global fiat market. These fireworks will eventually impact BTC price positively as Bitcoin supply is not steered by any central government and that’s a huge benefit for BTC HODLers.
Max believes that the global monetary system was already a big problem by itself even before the COVID-19 era. However, with the current pandemic, many monetary policies become even more uncontrollable and many developing countries’ fiat currencies has become very vulnerable due to the low dollar reserves and tightly linked debts to the dollar valuation.
