RATE Group | Donald Trump Just ‘Advertised’ Bitcoin After Fed Creates $6 Trillion
84439
post-template-default,single,single-post,postid-84439,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Donald Trump Just ‘Advertised’ Bitcoin After Fed Creates $6 Trillion

28 Mar Donald Trump Just ‘Advertised’ Bitcoin After Fed Creates $6 Trillion

Posted at 11:52h in Bitcoin News by

[ad_1]

Bitcoin (BTC) gained ironic support from United States President Donald Trump on March 27 after he appeared to say he supported manipulating the dollar.

In a press conference quoted by various Twitter commentators, including Blockstream CSO, Samson Mow, Trump defended the Federal Reserve printing more than $6 trillion.

Trump: the dollar is “our money, our currency”

“The beautiful thing about our country is $6.2 trillion — because it is 2.2 plus 4 — it’s $6.2 trillion, and we can handle that easily because of who we are, what we are,” he said.

“It’s our money; we are the ones, it’s our currency.”

While Trump did not provide any further explanation of his train of thought, he appeared to endorse the Fed providing the astronomical sum of liquidity for the U.S. market. In turn, the dollar supply would be heavily expanded.

It is this form of meddling in the money supply that forms a central tenet of Bitcoin as a financial solution. The coronavirus epidemic emboldened…

[ad_2]

Source link

Tags:
, , , , , , ,