Real Correlation? Bitcoin Price Pumps Follow US Fed QE Money Printing

Bitcoin (BTC) price bull markets coincide with one specific macroeconomic trend — and the next may now be around the corner.

In a Twitter debate on April 18, PlanB, the vocal analyst who created Bitcoin’s stock-to-flow price model, argued that the cryptocurrency benefitted from money printing.

BTC waits as “QE infinity” passes $2T

In particular, the United States Federal Reserve’s quantitative easing (QE) programs appeared to spark price improvements.

“Very interesting that $1.5T 2013 QE3 coincides with 2013 bitcoin bull market,” one post reads. 

“What will 2020 QE4 bring? $2T and counting.”

PlanB was responding to data from commentator Holger Zschaepitz, who revealed that since the Fed formally began bailing out the U.S. economy in mid-March, it has handed over $2 trillion in new cash to Wall Street.

This inflationary reaction to coronavirus has shocked proponents of sound money, who argue that its real consequences will come in the form of enriching the elite and…