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Topic: M2 money supply turns positive - page 2. (Read 204 times)

legendary
Activity: 882
Merit: 1018
May 03, 2024, 07:38:42 PM
#3
The Fed has restarted printing money

The US government is spending so much to fund the war in Ukraine and Israel, which means they need more money. And the only way to meet up these financial obligations is to print more money.

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More money and inflation are what the price may need now to rise strongly.
Will this have an impact on Bitcoin?

Printing more dollars increases the money in circulation which means people will have more money to spend. This will in turn Increase the rate of investment. Bitcoin is a popular investment option so people will definitely buy the coin. This will increase the demand for the coin which will ultimately lead to an increase in price. But the long-run effect of printing money which is inflation might reduce the purchasing power of the people thereby discouraging investments and encouraging selling off of Bitcoin.
legendary
Activity: 3276
Merit: 2442
May 03, 2024, 01:34:01 PM
#2
As expected. Printing money is the main job of a central bank. They can only stop the printer temporarily. The government has to spend money. Lots of money. If they don't print it, they will go bankrupt. (They will go bankrupt slowly when they do) That's the only choice they have.



Uk/Ru war certainly left a hole in the US budget.

sr. member
Activity: 406
Merit: 443
May 03, 2024, 01:17:35 PM
#1
The Fed has restarted printing money



https://twitter.com/BitcoinNewsCom/status/1786357540609315258

More money and inflation are what the price may need now to rise strongly.
Will this have an impact on Bitcoin?
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