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, Pompliano: Bitcoin was born for this moment, Forex-News, Forex-News
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Pompliano: Bitcoin was born for this moment

5
, Pompliano: Bitcoin was born for this moment, Forex-News, Forex-News


, Pompliano: Bitcoin was born for this moment, Forex-News, Forex-News

The international financial system is going through one of its worst moments in years. After the main stock markets in the world suffered significant falls and the collapse of assets such as gold, oil and Bitcoin, governments and institutions of the world have been put on their guard. Including the Federal Reserve in this group, as Anthony Pompliano comments in the Tweet of the day:

Unlimited liquidity and Pompliano’s tweet

These are difficult days for the world economy, and Anthony Pompliano knows it. Since, in the absence of any preventive measure against the Coronavirus, beyond social distancing, normal economic activities have been interrupted throughout the world.

This has seriously affected global supply chains, as well as energy demand and financial stability in the markets.

Furthermore, it has put the world’s governments in a difficult situation. Facing investors with no confidence in the markets, companies unable to continue activities and protect their workers against the virus and thousands of workers whose income is at risk.

Therefore, it seems inevitable that the States intervene to diminish the economic impact of the Coronavirus.

For this they have various means. Among them the injection of liquidity in the market to generate confidence, the increase in public spending, the reduction of taxes and direct compensation to workers and companies that cannot continue activities.

All of these measures are expected to slow the recession the world appears to be entering. Something Anthony Pompliano disagrees with:

Treasury Secretary Mnuchin has just said that the Federal Reserve and Treasury are working to provide “unlimited liquidity” to the financial system. UNLIMITED LIQUIDITY. This is going to be the largest monetary stimulus experiment ever. Bitcoin was built for thisPompliano tweeted earlier today.

With this, it would seem to indicate that he considers that the measures that are being taken by the Federal Reserve to mitigate the effects of the crisis will have negative consequences for the economy. Depreciating the value of money due to excessive monetary issue.

According to Pompliano, this situation will strengthen a deflationary currency and outside of state control, such as Bitcoin.





, Pompliano: Bitcoin was born for this moment, Forex-News, Forex-News

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, Pompliano: Bitcoin was born for this moment, Forex-News, Forex-News

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