Take a fresh look at your lifestyle.

Various rumors have been circulating about President Donald Trump and the purchase of Bitcoin


Several hypotheses have been circulating lately about Donald Trump buying bitcoin.

In fact, since he took office as the 45th President of the United States in January 2017, he is presumed to own BTC, especially due to his persistence in trying to devalue the US dollar.

In fact, Trump has not only never hidden that he is a strong advocate of the Fed's measures to expand its balance sheet, but has even lobbied several times to first convince the US Central Bank. That it resume the quantitative easing measures, which over the years have favored the growth of the US stock indices. and then created dollars out of nothing and distributed them directly to citizens.

The fact is that as a result of the emergence of the Covid-19 coronavirusThese steps have really been taken, including creating out of thin air a large amount of dollars that will now be delivered to the population.

Obviously, the reasons behind the recent emergency measures have nothing to do with bitcoin, although they are still supposed to have an inflationary effect on the dollar in the long term.

To tell the truth, the Fed's previous QE measures have not caused inflation in the dollar, since they have not generated significant increases in the prices of consumer goods, but they have generated an increase in the prices of many stocks, which They reached their all-time highs before the collapse of March 2020.

This time, however, it is different, because the Fed will not only inject money into financial markets, but also create it to distribute directly to citizens.

In theory, this should produce an increase in the prices of consumer goods, with the consequent reduction in the purchasing power of the dollar.

If this happens, it will likely have been of great benefit to Bitcoin as well, whose money supply cannot be arbitrarily increased, and whose production of new tokens will be halved since mid-May.

It is no coincidence that a few days ago, Anthony Pompliano He was very surprised to notice that a large mass of dollars will be created and introduced to the market in the same year that the halving is performed, halving the creation and distribution of new BTCs.

At this point, the Blockstream CSO, Samson MowIronically, he wondered how much Trump had been paid to announce Bitcoin, since what is happening seems to be a BTC announcement.

Trump has declared not only that he does not own BitcoinIt is so against him that he wants to ban it if it reaches a price of $ 100,000, although it is always legitimate to have great doubts about the veracity of his statements.

Also, considering it's basically since 2017 that he's been calling for expansive Fed balance sheet measures, this could have been the year he invested something in bitcoin, though so far, there's no evidence. It's also worth remembering that 2017 was the year of the last big BTC price bubble.

Leave A Reply

Your email address will not be published.