$6.2 Billion has entered into circulation
The Fed is the most influential financial institution in the world. It has earned this title thanks to the ability to print an unlimited amount of dollars. Unlimited? Well, unfortunately, the opposite is exact. Coronavirus detonated a new economic crisis. The Fed pumped a record $6.2 trillion to prevent further stock index crashes and bank crashes. That just gave the best reason yet to buy Bitcoin.
Most Americans think they can sweep under the carpet decades of irresponsible farming, state tunneling, wars, and robbing their citizens. Making up new money may be a response to minor fluctuations in the economy. However, at the end, it will probably not work out.
The Fed is crazy
$6.2 trillion. That’s 6,200 billion. More than the US economy produced in 1990. President Trump decided to defend the Fed and said at the record marginal sum:
“The beautiful thing about our country is $6.2 trillion. Mainly because it is 2.2 plus 4. It’s $6.2 trillion, and we can handle that easily because of who we are and what we are.”
In translation: The beautiful thing about our country is $6.2 trillion. Mainly because it is 2.2 plus 4. It’s $6.2 trillion, and we can easily do it because that’s what we are. And I think he has beautifully summed up the state of the United States. The leaders of this country have gone crazy. The sad thing is that the US will ultimately withdraw the entire European Union, Japan, South Korea, and other allies.
Bitcoin can be the answer
Firstly, this is why we support Bitcoin. Sure, he has his flies. At the moment, it is practically useless as a currency. However, no one can make a new BTC out of nowhere and send it into circulation. There is a finite number of BTCs, and this figure (21 million) is not exceeded. The Fed could really help this situation.
Here are three reasons why crypto mess will help dominate. Bitcoin has the characteristics of gold, but it is easy to share and send over the Internet. It will also serve at a time when physical forms of money are dangerous due to a deadly virus. Bitcoin is now at a critical intersection. In addition, the world is at the beginning of the potentially most significant crisis we have ever seen. Consequently, that just gave the best reason yet to buy Bitcoin.
You can check the current price of Bitcoin right here.