{"id":376771,"date":"2019-04-02T11:30:07","date_gmt":"2019-04-02T11:30:07","guid":{"rendered":"https:\/\/ktsl888.com\/?p=376771"},"modified":"2024-06-11T07:38:43","modified_gmt":"2024-06-11T07:38:43","slug":"bitcoin-rally-federal-reserve-dovish","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-rally-federal-reserve-dovish\/","title":{"rendered":"The Music Will Stop: Could Bitcoin Rally Due To The Federal Reserve?"},"content":{"rendered":"

In the eyes of many across the globe, including anti-establishment figures, credited and established economists, and consumers, the macroeconomy could be on the verge of collapse. The U.S.’ sovereign debt has surpassed $22 trillion, with the Federal Reserve (Fed) showing no indication about whether it will put its foot on the brake. But Bitcoin (BTC<\/a>) may be a way out.<\/p>\n

Since the cryptocurrency was invented by Satoshi Nakamoto, it has been pushed as a way out of the traditional banking industry, as the Great Recession in 2008 has left lasting scars on many an investor. As some pundits like to say, “Bitcoin isn’t the bubble, it’s the pin” that could reverse the ramifications of debt-based economies, a common sight following Nixon’s decision to drop the gold standard.<\/p>\n

Related Reading: Bitcoin Giant BitMEX: Major Financial Crisis Could Be Several Years Away<\/a><\/h6>\n
Bitcoin Has Found Its Identity Of Gold 2.0<\/strong><\/h2>\nIn a recent op-ed published<\/a> by The Block, Travis Kling, a self-described libertarian, flamed the Fed and lauded Bitcoin simultaneously. The chief investment officer of Ikigai explained that over recent months the U.S. central bank’s actions have gone from bad to worse. Following a period of quantitative tightening, in which the fiscal entity depressed the stock market by unloading its $4.5 trillion in assets, the Fed took a U-turn, as a result of overt berating from the Oval Office.<\/p>\n
While this decision to end quantitative tightening and to tentatively begin the opposite of this monetary policy \u2014 quantitative easing \u2014 has allowed the S&P 500 and other indices to retest their all-time highs, Kling is fearing the worst.<\/p>\n
He explains that the world’s largest central banks \u2014 the European Central Bank, the Bank of Japan, the People’s Bank of China, etc. \u2014 are also doubling down on their attempts to “print money at a breakneck pace.” Kling, a former Wall Street investor, calls this the “largest monetary and fiscal policy experiment in human history.” And unlike other experiments, this one is seemingly being done on a malice-filled premise.<\/p>\n
As an outsider to their choices, many common Joes and Jills likely take only a few issues with these policies. In fact, most in the general public likely low little about the fiscal decisions of the entities that reside over one of the most aspects of their lives \u2014 their financial wellbeing.<\/p>\n
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Much appreciation to @TheBlock__<\/a>!<\/p>\n
I wrote this primarily for the no-coiners that look at the current global macro backdrop, specifically in the context of never-ending QE from central banks, and think- "what are the chances this experiment ends badly?" https:\/\/t.co\/TU4uUvVz8o<\/a><\/p>\n
— Travis Kling (@Travis_Kling) April 1, 2019<\/a><\/p><\/blockquote>\n