tyler Winklevoss: It’s time to get Bitcoin if the FED is printing money! The founding partner and CEO of the cryptocurrency exchange Gemini suggests that the US Federal Reserve (FED) is preparing the ground for the next bull run of Bitcoin.
Tyler Winklevoss: If the FED is printing money, it’s time to get Bitcoin!
According to cryptocurrency exchange Gemini’s co-founder and CEO Tyler Winklevoss, the US government’s monetary policies can lead to larger price movements for Bitcoin (BTC).
Tyler Winklevoss says that ultimately, Bitcoin can take advantage of the applications of the US Central Bank.
In his tweet on July 22, Winklevoss claimed that “The FED continues to lay the groundwork for Bitcoin’s next bull run.”
Bitcoin, a decentralized digital asset away from government control, is viewed as a hedging tool against traditional markets and national fiat currencies.
This potential of digital assets is frequently emphasized by many participants in the crypto industry. The fact that Bitcoin has a maximum supply of 21 million tokens protects the asset against depreciation.
In addition, Winklevoss announced in a tweet that he shared on July 18 that the USA’s money was causing an increase in stock markets. He said that this also works for Bitcoin as an alternative.
Along with the pandemic, countries in general announced very strong incentive packages to reduce the negative effects of the current economic recession.
Since March, the US government has also strengthened its monetary activity as a result of the measures taken in response to the economic effects of COVID-19.
As part of such activities, the Federal Reserve of the United States (FED) announced a $ 2 trillion incentive package, which also had a positive impact on stocks. And partly, money was distributed to US citizens, depending on their income level.
The current stimulus package expires soon. In a recent YouTube program, as stated by Morgan Creek Digital’s co-founder Anthony Pompliano; the government needs to assess the situation, possibly with more charity.
The finance specialist talked about the inflation in the US dollar in the past two decades and pointed out that this has benefited various financial assets, including Bitcoin.
You can see how much the monetary policies are exploited by looking at the current policies of the FED.