#Bitcoin, #FederalReserve, #Money
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⏰ Timestamps
0:00 Intro
1:03 The Federal Reserve and Bitcoin
2:11 Defining the M1 Money Supply
4:37 Jerome Powell and the Fed Make BTC Possible
5:23 Bitcoin Media Narrative is Changing
8:56 One Very Important Question
References:
Checking the data: M1 money supply increased by $500B, half a trillion dollars in ONE WEEK between Nov 16 & November 23. The largest increase in history by far.
WHY? and WHY NOW?
And why am I the only one asking this question?
Mr. Powell: The world deserves an answer. pic.twitter.com/aB3y9eMrvw— Sven Henrich (@NorthmanTrader) December 6, 2020
Wow.
M1 money supply just exploded higher even further.
The biggest monthly jump yet.
The Fed is operating without checks or balances. pic.twitter.com/rV9j8oLMOv— Sven Henrich (@NorthmanTrader) December 5, 2020
We have entered funny money territory ever since QE was used in 2009. At some point there will be a global monetary reset cause we can't just print our way out of a problem all the time. https://t.co/xdj1YaOpEd
— Bobby Ong (@bobbyong) December 6, 2020
US M1 money supply has increased by 55% since February.
35% of all US dollars in existence have been printed in 10 months.
Just ponder this. pic.twitter.com/rBRx0kdHGk— Sven Henrich (@NorthmanTrader) December 5, 2020
M1 acceleration(new)
1st trillion-80 years(1913–1993)
2nd trillion-18 years(1994–2011)
3rd trillion-5 years(2012–2016)
4th trillion-4 years(2017–2020)
5th trillion-6 months(Feb–Jul 2020)
6th trillion-4 months(Aug-Nov 2020)
7th trillion – 2 months?#gold #silver #SPX #NDX pic.twitter.com/RHo4Jjeh1Z
— Neminator-tactical trader-35yrs trading experience (@neminator1) December 6, 2020
#bitcoin and central bank balance sheets (money 'printing') have gone hand in hand last 10 years .. but now BTC is lagging behind .. about two orders of magnitude (100X). Room for growth? pic.twitter.com/zAXN93qlTJ
— PlanB (@100trillionUSD) December 6, 2020
Imagine losing to some 1's and 0's pic.twitter.com/qDv6EZSXkY
— Blockfolio (@blockfolio) December 5, 2020
https://www.coindesk.com/50k-btc-bloomberg-bitcoin-rally
https://www.express.co.uk/finance/city/1369061/bitcoin-price-latest-news-max-keiser-paul-tudor-jones-fiat-currency-dollar-pound
https://www.cnn.com/2020/12/03/investing/bitcoin-ethereum-xrp-cryptocurrencies/index.html
https://markets.businessinsider.com/currencies/news/bitcoin-all-time-high-5-crypto-experts-digital-asset-bullish-2020-12-1029866919
https://markets.businessinsider.com/currencies/news/stock-market-outlook-bitcoin-portfolio-crypto-skeptic-investing-bernstein-2020-12-1029854263
https://www.nytimes.com/2020/11/30/technology/bitcoin-record-price.html
https://www.bbc.com/news/technology-55145444
https://www.cnn.com/2020/11/30/investing/bitcoin-prices-record-high/index.html
https://www.forbes.com/sites/billybambrough/2020/12/02/blackrock-ceo-reveals-surprise-real-impact-of-bitcoin-on-the-us-dollar/?sh=65861f0947f1
https://www.forbes.com/sites/billybambrough/2020/12/04/another-crypto-skeptic-suddenly-flips-to-bitcoin-but-adds-a-stark-warning/?sh=6b26345b5aac
Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.