The US Central Bank recently said it would inject more than $ 6 trillion into small businesses and businesses. In the same vein, the first American bank has promised a new injection of $ 2.3 trillion in the coming days.
Pomp was later quoted on Twitter as saying that he had lost count of the number of injections the central bank plans to put into the economy, calling it “too difficult” to follow.
Mike Novogratz urges investors to focus on Bitcoin
Mike Novogratz said it asked investors to start buying Bitcoin while monitoring government measures to boost the country’s economy. He said investors should consider buying Bitcoin because the dollar doesn’t go as planned.
Meanwhile, the CEO of Galaxy Digital crypto bank said in an interview that if the price of bitcoin did not reach $ 20,000 in the coming weeks, he was ready to give it up.
Crypto influencers rally against QE
Jimmy Song, analyst and developer in cryptography, reiterated in a Tweeter that the federal government’s inflow of liquidity into the economy would hurt the economy in the long run.
He said the injection would hit Third World countries hard, in other words, the need to build up the dollar would be high and American bureaucrats would despise them because of the poor monetary policy imposed on them.
Echoing the words of Mike Novogratz, director of digital assets at VanEck, Gabur Gurbacs said that only bitcoin can help in a time like this because it is immune to government manipulation.
Preston Psych said the government needs to link monetary policy to others to remedy the situation on the ground. He reportedly said:
The remedy is to secure global inflationary monetary policy. Nothing else will slow the trend of price deflation, revolutionary innovation exceeding human capacity 2 in fair competition in all social classes, which ultimately wipes out the middle class and polarizes the rich and the poor.