QE Program Will Strengthen Bitcoin
Bitcoin is supposed to benefit from another massive program of Quantitive Easing (QE), as a hedge against the centralized financial system.
$ 1.200.000.000.000 | € 1.091.544.000.000 | £ 1.001.088.000.000
Where the Central banks are printing so much money it might be able to solve the toilet paper issue, halving is on its way. As roughly every 4 years Bitcoins new supply will be reduced with 50% in a few months.
“As the U.S. government prints another trillion-plus dollars, this will have long-term ramifications on inflation and dilution of money. On the other hand, we will still have 21 million [bitcoins] available, ever,” said Mr Blum, COO of Hong Kong-based Two Prime. “The halvening will happen when it’s set to happen.”
What is Quantitive Easing?
Quantitative easing is a monetary policy organized by central banks to stimulate the economy. By flooding the market with enormous money supplies, governments expect to keep artificially low-interest rates while providing consumers with more money to spend, which could lead to inflation.Quantitive Easing program
The Federal Reserve has cut interest rates to zero on Sunday and started a massive $1.2 trillion QE program as a response to the effects of the Corona Virus.$ 1.200.000.000.000 | € 1.091.544.000.000 | £ 1.001.088.000.000
Where the Central banks are printing so much money it might be able to solve the toilet paper issue, halving is on its way. As roughly every 4 years Bitcoins new supply will be reduced with 50% in a few months.
“As the U.S. government prints another trillion-plus dollars, this will have long-term ramifications on inflation and dilution of money. On the other hand, we will still have 21 million [bitcoins] available, ever,” said Mr Blum, COO of Hong Kong-based Two Prime. “The halvening will happen when it’s set to happen.”