There are many narratives for Bitcoin ownership but one constantly echoed is a hedge against failing fiat. A US consumer television personality and author recently told his burgeoning follower base on social media why he bought Bitcoin.<\/p>\n
Libertarian pundit John Stossel has been back on social media extolling the virtues of Bitcoin<\/a>. The ABC and Fox News commentator took a swipe at the FED and its dollar printers adding that he wants an investment that serves as a hedge against it.<\/p>\n \u201cI bought #Bitcoin because I don’t want all my savings in dollars. What if my government prints lots of dollars and they become worth\u2026 pennies?\u201d<\/p><\/blockquote>\n The tweet<\/a> a few hours ago included a video with a debate with goldbug Peter Schiff who has on occasion also seen the merits of a decentralized digital asset<\/a>.<\/p>\n The thing to note is that Stossel has a huge following on twitter so over a million people may have seen the tweet which is great exposure to BTC.<\/p>\n Many of the responses<\/a> were also pro-Bitcoin and the hedge narrative is strengthening especially in light of recent repo agreements and FED intervention.<\/p>\n \u201cThe world is 250 trillion in debt. The US now has 1 trillion dollar deficits. It\u2019s irresponsible to not own bitcoin as a hedge in case the money managers at the central banks lose control. With negative rates, liquidity injections into overnight repo market the control is slipping\u201d<\/p><\/blockquote>\n Though no longer making the headlines, the FED continues to flood financial markets with new cash in its ongoing repurchase operations<\/a>. These are short term offerings of cash in exchange for safe assets such as Treasury bonds from banks.<\/p>\n As noted by industry observers the US central bank will be pumping over three times the Bitcoin market capitalization into the economy within 30 days.<\/p>\n FED pumping $425 BILLION of freshly printed fiat into the economy within 30 days.<\/p>\n This is 3x the entire Bitcoin market cap.<\/p>\n \u201cEvEryThiNg\u2019s fInE\u201d Buy Bitcoin \ud83d\udd25\ud83c\udf36<\/p>\n — Ivan on Tech \ud83e\udd55\ud83e\udd55\ud83e\uded0\ud83e\uded0\ud83c\udf53 Moralis (@IvanOnTech) December 15, 2019<\/a><\/p><\/blockquote>\nFED Keeps Printing<\/h2>\n
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\u201cTHiS is nOt QE\u201d<\/p>\n