When Bitcoin is worth one trillion dollars the Fed can decrease the money supply and also crash bitcoin, to keep inflation from increasing. Bitcoin holders will pay for the Fed actions.
True but I do not see the Fed turning off the money printer anytime soon.
Things need to settle down to a stable economy before the fed will act. Maybe two years at the earliest?
The Fed delivered in that respect, saying it would continue to buy at least $120 billion of bonds each month “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals,” the post-meeting statement said.
So whatever that means. At least the rest of this year. Probably longer. I think two years is a safe bet, but it's hard to say now that the Dems control the federal gov. Who knows what BS they will come up with.
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