Before us the worst economic crisis in decades?

The Bitcoin Halving imminent, the mood in the crypto industry, accordingly, optimistic and euphoric. However, the statements of the IMF and the Bank of England give cause for concern. They say, for the traditional economy the worst downturn since the world economic crisis before.

While the Bitcoin Community on the imminent Halving of the 12. In may 2020, will be happy to paint several global financial institutions a black scenario for the global economy. If the BTC exchange rate issued at the weekend, his previously achieved gains again, read the forecasts for the world economy even more negative. It is expected by many to Make a crash of the economies to the world in this Form has never seen.

In addition to the International monetary Fund (IMF) and the Bank of England (BoE) the risk that the Coronavirus could bring the world economy to continue to Succumb to – and to an extent, as in the time of the world economic crisis or the so-called century winter of 1708/1709.

According to the IMF, many of the rescue mechanisms of the governments are especially in the world in the fight against the spread of COVID-19, through which the Economy similar to the massive losses during world economy could face a crisis.

The experts of the Bank of England saying Britain’s economy in even worse developments in advance. The Numbers read devastating. According to the data the economy is already in a recession, as it did last over 300 years ago given. Last Thursday, the Central Bank presented its latest fiscal report. This says for the economy in the current year, a decline of up to 14 % before. For comparison: The Minus in the “winter of the Century” in 1709 was “only” 13 %.

The situation is reminiscent of the financial crisis as a trigger of the Bitcoin emergence

Of up to ten trillion dollars, the speech is, when it comes to the printing actions of the US Central Bank (FED). So the Institute wants to protect the U.S. economy from the slump. The Bank of England (BoE) is based on your planned cash injection with a volume of up to 200 billion British pounds in March to further action – it is called a “quantitative easing”. The activities were developed as a protection for millions of endangered jobs. The International monetary Fund, the term “The Great Lockdown”, which will certainly go down in the history books was born.

Block stack-CEO Muneeb Ali stresses that had occurred the Bitcoin explicitly as the first crypto-currency from such economic crisis. By the next Halving the Chance for the first digital currency “in the world created to prove that Coins, tokens, and especially the Blockchain are just short-term Trends …”

The expert also stressed that governments produce in the world currently, from the “Nothing” of money, which could be for normal people difficult to understand, and even disillusioning. This could promote the benefits of Bitcoins in the Mainstream light.

Forbes magazine, compared to Ali mentioned, “it was the best possible time, so that people reflect on the positive characteristics of Bitcoin.”

OKCoin chief Hong, the fishing is of a similar opinion. The new BTC-Halving would result in investors finally realized that Bitcoin is as an asset that is in comparison to the normal stock or bond market is a better choice.

At the time of writing, the Bitcoin is at something more than 8,600 USD is up to the Halving, there were no 12 more hours …