The FED is blowing up the financial system: Strike CEO

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Jack Mallers, CEO von Strike, glaubt, dass Bitcoin nach der 300-Milliarden-Dollar-Spritze der Federal Reserve in den Bankensektor in der vergangenen Woche bereit ist, zu pumpen. Mallers prognostiziert, dass der US-Dollar in eine neue Ära anhaltend hoher Inflation eintritt, von der Bitcoin nur profitieren wird. Ist eine höhere Inflation unvermeidlich? Sprechen mit CNBC, fragte Co-Moderatorin Kelly Evans den CEO, warum die Leute erwarten sollten, dass Bitcoin nach einer Bankenkrise, die historisch gesehen deflationäre Perioden waren, in den Mond schießen wird. Sie zitierte den ehemaligen Coinbase CTO Balaji Srinivasan, der vorhergesagt letzte Woche, dass der Dollar hyperinflationieren und Bitcoin innerhalb der nächsten …
Jack Mallers, CEO von Strike, believes that Bitcoin is ready to pump in the banking sector last week after the Federal Reserve's $ 300. Mallers predicts that the US dollar enters into a new era persistently high inflation, from which Bitcoin will only benefit. Is a higher inflation inevitable? Speaking to CNBC, co-moderator Kelly Evans asked the CEO why people should expect that Bitcoin will shoot into the moon after a banking crisis that was historically deflationary periods. She quoted the former Coinbase CTO Balaji Srinivasan, who predicted last week that the dollar hyperinflation and Bitcoin within the next ... (Symbolbild/KNAT)

Jack Mallers, CEO von Strike, believes that Bitcoin is willing to pump Bitcoin in the banking sector last week after the 300 billion dollar injection.

Mallers predicts that the US dollar enters into a new era continued high inflation, from which Bitcoin will only benefit.

is a higher inflation inevitable?

speak with CNBC , co-moderator Kelly Evans asked the CEO why people should shoot Bitcoin after a banking crisis that was historically deflationary period. She quoted the former coinbase CTO BALAJI SRINIVASAN, the predicted last week that the dollar would hyperinflation and send Bitcoin to $ 1 million within the next 90 days.

Maller's argument was simple: Bitcoin is a fixed offer money, but the dollar is not, which means that Bitcoin will gain value compared to the dollar if more is circulated from the latter.

"Money printer goes brr," he said. "The only thing that is clear to us and our customers is that they can no longer keep and save."

The Federal Reserve supported the banks last week with $ 300 billion as part of its new bank Term Fining Program and thus destroyed half of the progress that she had made last year in reducing her balance. The central bank tried to push the continued high inflation, which reached a maximum of 9.1 % in June, back to its target rate of 2 %.

Although inflation remains hot at 6 %, the markets have already done this shortened their time window Interest cuts will begin. According to Mallers, inflation will now normalize within the range of 5-10 %.

"You have to support these things with new money," he continued and referred to banks that had to struggle after the collapse of the Silicon Valley Bank (SVB). "You see tight assets, risky assets are actually big winners here."

Bitmex co-founder Arthur Hayes published A blog entry Last Thursday they offered similar predictions and explained that the new program of the Fed will be "infinite money printing" initiate.

return to the bull territory

In addition to Hayes and Mallers, the on-chain analysis company Glassnode notes Important on-chain indicator in the area of ​​early bull market has returned.

Over 122,000 new Bitcoin entities were created every day last week, a lot that is more than 90 % of the days in the history of Bitcoin. In the meantime, the transactions reached a total of 309,500 a day - a sign that the activity of the investors increases.

"Only a few long-term investors seem to be motivated to take profits with this rally, which signals a remarkable strength and reflects the beliefs that prevailed on the important role of Bitcoin in the future of the global financial system," added glass node.

Selected image with the friendly approval of Bloomberg.

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