You read that right. The Federal Reserve (Fed) plans to print not 50 BTC worth, but 50 Bitcoin Networks’ worth of dollars.
Federal Reserve to Print $6 Trillion
Central banks around the world are firing up their money-printing machines. The collective opinion seems to be that the best way to combat the economic effects of the coronavirus is by throwing money at the problem.
After days of frantic discussions between both parties, an initial $2tn deal has finally been reached. This is a “bipartisan agreement on a historic relief package for this pandemic,” Senate Majority Leader Mitch McConnell said. But that’s just the start. The Federal Reserve has pledged to print as much as $6TN… and there could even be more to come.
According to figures from the National Review,
Of the total, $4 trillion will come in the form of liquidity from the…
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