Helicopter Money, Inflation, and the Bitcoin Standard

Bitcoin was created in the midst of the 2008 financial crisis, and the economic impacts of the coronavirus pandemic are setting the stage for Bitcoin’s greatest test yet. Central banks have announced over $7 trillion in total relief spending, with $2.3 trillion from the US, equivalent to roughly 11.2% of US GDP. This opens up an opportunity for Bitcoin since its inflation rate will be cut in half as a result of the May 2020 Bitcoin Halving. Bitcoin's value may rise, while government-backed currencies across the world could lose value due to inflation.