Fed’s “infinite amount of cash” is biggest argument for Bitcoin yet

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said that the Federal Reserve has an “infinite amount of cash”—in response to worries over the stock market collapse. 

Speaking on 60 minutes, Kashkari said, “There’s enough cash in the financial system, and there’s an infinite amount of cash at the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.”

And those in the Bitcoin industry, think this is fascinating.

“Bitcoiners have always known that fiat detached from some kind of peg (i.e. gold) always ends up with the abuse of money printing. Governments can’t help themselves; and the current crisis just brought front and center that money printing is one of the few tools they have left. The trillions of USD that will be printed will be unprecedented in history,” Alan Silbert, managing director at INX, told Decrypt.

“I think once the dust settles of liquidations, margin calls, and outright panic,…