The Definition of Money : Interview with Zee Zheng SpaceChain CEO ③
Due to the Covid-19 pandemic, there was a liquidity crisis at one point where people were selling their assets aggressively, causing the market crash. Also, due to many exchanges promoting new things in the market, crypto was overleveraged. In the long term, people will come to understand the market. If you look at the US stock market and bitcoin markets, crypto is not performing badly as compared to centralized governments that are injecting billions of cash into the economy. People have realized that with limited supply of assets, bitcoin is going to be highly important. While all the centralized banks are injecting money into the system, the fiat currencies you are holding will eventually become less and less valuable. In terms of monetary policy wise, it is the best time for bitcoin ever, the greatest invention through bitcoin is not just the technology, but also the awareness of the monetary policy that people need to think more about. It makes one wonder about how the modern economy and modern banks work and don't work. I think right now it is the most exciting time for bitcoin as people look for what is real.