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Federal Reserve prints more money than BTC’s entire market cap in just one month – Bitcoin News

The United States Federal Reserve has printed more money than bitcoin's entire market cap in just this month. Fed has printed
The United States Federal Reserve has printed more money than bitcoin’s entire market cap in just this month. Fed has printed $210 billion since mid Sept.

Bitcoin maximalist, Dennis parker noted that Federal reserve printed more than bitcoin’s market cap in just a couple of weeks. Since mid-September Federal reserve has injected $210 billion in the country’s economy. Fed’s balance sheet jumped from $3.77 last month to $3.97 million this month.

According to the Federal Reserve’s own projections, the balance sheet is expected to reach $4.7 trillion by 2025. Fed has already lowered the interest rate twice this year. Currently, the market cap of the leading cryptocurrency is $148 billion. Recently, the Federal Reserve revealed that as a part of a new strategy, they would buy $60 billion treasury bills every month.

Many economists and businessmen have predicted a recession in the coming years. Earlier the former governor of Bank of England, Mervyn King said in a speech at the International Monetary Fund’s general meeting that the world is sleepwalking into a financial crisis even worse than that of 2008. Many have noted that bitcoin could play a vital role if an economic recession hits this time.

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