The US Federal Reserve just announced it will be printing $4 Trillion to help with financial relief efforts. What does this mean for Bitcoin, Crypto, US inflation, and other economic metrics?
References:
The Federal Reserve says there is an "INFINITE AMOUNT OF CASH"
This is quite literally the reason bitcoin was created. pic.twitter.com/JTE9TVoSr0
— Vis (@Vis_in_numeris) March 23, 2020
Holding #Bitcoin in 2020 is like shorting the housing market in 2008.
It will hurt in the short term, but you know how the story ends.#TheBigShort pic.twitter.com/tuxaiz3T5c
— Charles Edwards (@caprioleio) March 22, 2020
Mitch McConnell wants to give this guy, Steve Mnuchin, the discretion to decide how to dole out $500 billion in taxpayer funds and then allow him to hide the identity of the bailout recipients from the public for up to six months. This does not seem like a good idea. pic.twitter.com/28P1gmp9cM
— Brian Fallon (@brianefallon) March 22, 2020
Excited to announce that @AkoinOfficial has partnered with Delchain to help navigate the crypto space and conduct a successful Token Generation Event! https://t.co/RQG13t184W
— AKON (@Akon) March 22, 2020
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Lol save 50% or 75% of your income? Are you high? Where do you live? What free world do you live in?
I know it's hard for people on minimum wage to build up a reserve of cash, but personally I wouldn't sleep at night it I didn't have a year's supply of cash tucked away.
Money printer goes BRRRRRRR …
IM not greedy , IM OK with receiving $1million from the govt .
So patronising, he thinks people don't understand the concept of infinity.
Tag me! I'm it!
Are we going to make the same mistake Venezuela?
Yeah! Enough cash for everything but cash buy less and less every day. Prices are going up every hour.
Socialism for the rich!
infinite amount of toilet paper..???
Agree with you completely. Those that can save and don’t do not get any sympathy from me; whether you’re a business or an individual, you’re a fool if you can but don’t.
Just look at it's eyes… that isn't normal. Wake up.
ZEUS
I just need there to be food and I can feed myself the rest has no interest
Because 4 trillion is a short word it still doesn't mean much. Maybe this example will: suppose you have 1 billion and you buy 2 Lamborghini cars which cost about $500.000 each. You still have $999 million so you would not even notice. Now suppose you have 4 trillion, you can buy a whole company like McDonald's or all currently mined bitcoins, approx 18 million, for $6000 each and you would still have 3 trillion and 900 billion. A drop in the bucket.
Infinite you say? Then why do we have poverty?
All that hard work to save and your money is worth ? paper by the end
if they tell you: no problem….. run
Thanks.
Hes a reptilian
Thanks again
agree it adversely affects those who act responsibly…..one way to combat this is where possible buy things two or three years ahead,I buy firewood four years ahead, clothing such as boots, plant trees which take a few years really anything that will be useful and more expensive or scarce down the road…….and cryptos fall into that bracket
How much is "infinite"? A lot?
Unlimited is not enough. We need more. M O A R RRRRRRRrrrrrrrrrrrrrr!!!!!
Libertarianism is not a viable political party. It would lead to a =Mad Max future. It's just a protest statement. I wish more people offered viable visions for the future of Government. Capitalist/Socialist hybrid leads to a Star Trek Future 😉
And they have the nerve to criticize Tether. ?. We have INFINITE money. INFINITE MONEY SUPPLY ?????. Keep it. Give me Bitcoin with a fixed supply please.
Hey matty! Long time no listen. I'm not listening for crypto per se. I'm listening just to see how the different markets are handling this as well as the community. Stay strong and stay healthy hodlrs. Question. If society is shut down isn't gold more valuable than BTC because it doesn't need electricity and hardware to function as a commodity? I'm still a fan of blockchain tech and other fintech, but recent events have had to make me question the value of an E currency in the wild west…
Infinite amount of money lol. If that doesn't show you that the dollar the banks and the stock markets are a sham then nothing will. ?.
Infinite amount of cash, ?
i hate inflationary monetary policy…
Let's go ADA Cardano!!!!
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