比特币橙子Trader|May 16, 2026 03:42
That's why I believe in Bitcoin!
Bitcoin advocate Scott Melker recently conducted a systematic review of the underlying game between fiat currency and cryptocurrency, attributing Bitcoin's core appeal directly to the sustained depreciation of fiat currency.
He pointed out that from the massive rescue policy during the financial crisis in 2008 to the violent rise of the M2 money supply in the United States during the COVID-19, the central banking system is continuing to erode the real purchasing power of residents' savings through unrestricted money printing.
The core support for this viewpoint comes from publicly available macroeconomic data.
In January 2020, the M2 money supply in the United States was approximately $15.4 trillion.
With the Federal Reserve and the US Treasury launching their pandemic stimulus plan, this data climbed to a high of $22.9 trillion in April 2022.
In just over two years, the total circulation of the US dollar has surged by nearly 47%.
Melker defines this behavior of stretching the total amount of money as a 'silent tax' on individual labor and time.
In his analytical framework, money is the storage form of completed work, and the unlimited issuance without authorization from the governing body directly modifies the distribution benchmark of social wealth.
On the back of this credit expansion cycle are ordinary depositors and wage earners who passively bear the cost in the traditional financial system.
Regardless of political stance, all individuals holding legal tender are bearing the frictional cost of a unilateral decline in purchasing power.
When the central bank injects liquidity into the market by expanding its balance sheet, the value of residents' savings is implicitly deprived, and the ratio of personal time to labor exchange is systematically diluted.
In this context, the system design of Bitcoin provides a completely different path for storing value.
According to the publicly available Bitcoin core code, its total supply is strictly limited to 21 million coins.
This fixed upper limit and decentralized issuance mechanism make it an asset that cannot be diluted by any central institution's arbitrary issuance.
Users can obtain their private keys through a self managed wallet, enabling asset settlement and transfer without relying on traditional banking networks, completing physical detachment from traditional financial networks.
Bitcoin BTC Bitcoin
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink