FX.co ★ What may happen to gold, bitcoin, and US?

The political situation in the United States is extremely difficult. Chaos may happen very soon in the country as Democrats and Republicans hate each other. That is why the likelihood of a civil war in a few years is extremely high. We may see the collapse of the United States in the future.

In fact, it is very important for the economy who will take the presidency. However, the Great Depression is already inevitable. Injecting trillions of money into the economy will only make matters worse. Moreover, there is no point in excluding the violence in the country.

Democrats will present many new programs and departments for their implementation. The changes will be much more radical. Perhaps the United States may be rebuilt and America may cease to exist. The effects of the Great Depression will go far beyond a simple decline in the standard of living.

COVID-19

It is worth noting that even the worst figures for COVID-19 cannot be compared with those of the Spanish flu in 1918-1919. Blowing up the big COVID-19 problem was politically beneficial. Now, governments in many countries around the world have introduced new laws and regulations regarding travel, sports, and business in general.

They have found incredibly effective new means to rule the people that blindly follow instructions.

But this will come at a heavy price. Financial support through the printing of money by central banks will bankrupt many economies.

Gold and Bitcoin

Many experts have already said that gold and bitcoin have a lot in common. Both assets cannot be "inflated" as it is done with currencies. The amount that can be increased each year is negligible compared to the existing amount.

Gold production at the fields is increasing the existing 6 million ounces by approximately 1.3% per year. In the case of bitcoin, its supply is limited to 21 million coins.

Many investors seek protection for their savings amid the printing of fiat money, so they start buying bitcoins and precious metals. Experts believe that bitcoin will continue to rise.

Digital dollar

The US government plans to introduce FedCoin this year. The Chinese are already moving towards digital currency. However, experts warn that we should beware of digital currencies because the income will be under the direct control of the state.