Bitcoin is many things to many people, for some it is a way to make a quick buck day trading, for others a hedge against political and economic adversity and a failing banking system. Regardless of its price fluctuations, BTC does something banks never can, it empowers the people that hold it.<\/p>\n
Another week goes by and billions more get injected back into the US financial system by its central bank. According to the WSJ<\/a> the FED added another $57.5 billion in temporary liquidity to financial markets Thursday.<\/p>\n The central bank has been meddling in markets since September and plans to increase repurchase operations over the holiday period. More than triple the current Bitcoin<\/a> market capitalization will be pumped back into the economy by the FED.<\/p>\n The extra $425 billion<\/a> is part of ongoing quantitative easing programs that the bank claims is \u2018perfectly normal\u2019. Printing billions of dollars to prop up lending markets is not normal by any standards and exemplifies how flawed the current financial system is.<\/p>\n The banks are actively encouraging more credit in an economy that already has a galloping national debt of over $23 trillion according to usdebtclock.org<\/a>. It has been estimated that this debt will hit $30 trillion in the next four years.<\/p>\n Crypto industry analyst \u2018PlanB\u2019 compared this to Bitcoin stock to flow model which is modest when likened to the trillions of dollars that have been printed over the past decade.<\/p>\n \u201cYou think bitcoin stock-to-flow model predictions are unrealistic, flawed, absurd? I think negative interest rates & quantitative easing are absurd, printing $21 trillion out of thin air since 2008,\u201d<\/p><\/blockquote>\n You think #bitcoin<\/a> stock-to-flow model predictions are unrealistic, flawed, absurd?<\/p>\n I think negative interest rates & quantitative easing are absurd, printing $21 trillion out of thin air since 2008: 99.99% went to bonds, stocks and real estate, only 0.01% to bitcoin. #QEternity<\/a> pic.twitter.com\/EOwM0GTtTY<\/a><\/p>\n — PlanB (@100trillionUSD) December 19, 2019<\/a><\/p><\/blockquote>\n\n