🚔 Forbes: The launch of the US Federal Reserve printing press will trigger an increase in cryptocurrency prices
The regulator’s efforts to create money, journalists’ interlocutors complain, will inevitably lead to an increase in the cost of digital assets. Rationale: Against the backdrop of inflation expectations, potential investors will hedge their risks in the most liquid digital assets, such as Bitcoin and Ether.
“The attractiveness and stability of the US dollar has been steadily declining, driven by expansionary government spending and sustained money supply growth since the 2008 financial crisis. If the US dollar faces devaluation in 2024, as many believe, then Bitcoin and other digital assets will become a natural alternative to the national currency,” threaten experts interviewed by Forbes journalists.
The opinion of Forbes interlocutors is shared by former managing director of Goldman Sachs Zach Pandl, who views the military-technical cooperation as the only “obvious competitor” to the US dollar, especially when the Fed restarts the printing press.#ФРС