Bitcoin Investors More Bullish Than Ever as IMF Call For “New Bretton Woods”

Bitcoin Investors More Bullish Than Ever as IMF Call For “New Bretton Woods”

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  • Bitcoin’s price has stagnated over recent weeks in a tight range.
  • Despite this price action, the fundamentals for the cryptocurrency are rapidly strengthening.
  • Investors in Bitcoin got a boost just recently when the International Monetary Fund called for a new Bretton Woods moment.
  • Bretton Woods was the agreement in 1944 that integrated the gold standard and implemented a monetary world order.
  • Analysts think that this call for “another” Bretton Woods moment will boost Bitcoin.
  • The details about this announcement were vague but some see it as a sign of more fiscal stimulus.

Bitcoin Bulls Roar Amid Call for “New Bretton Woods” Moment

Amid this new standard, Bitcoin could rise as a way out or as a hedge against inflationary risks.
Important Thread:
Recently, the International Monetary Fund called for a “new Bretton Woods moment.”

“Today we face a new Bretton Woods “moment.” A pandemic that has already cost more than a million lives. An economic calamity that will make the world economy 4.4 % smaller this year and strip an estimated trillion of output by next year. And untold human desperation in the face of huge disruption and rising poverty for the first time in decades.”

— Raoul Pal (@RaoulGMI) October 18, 2020

“Talking of Bretton Woods, this IMF article alludes to a huge change coming but lacks real clarity outside of allowing much more fiscal stimulus via monetary mechanisms… Fiat globally will be worth less versus hard assets. And that means that gold and in particular #Bitcoin will become THE way to circumvent the system of ever lower value. It also create incentives systems for other nations to opt into a hard currency system to attract capital.”