Pompliano: “They will print fiat money during the bitcoin halving”
Pompliano: “They will print fiat money during the bitcoin halving”
Bitcoin

Pompliano: “They will print fiat money during the bitcoin halving”

By Marco Cavicchioli - 16 Mar 2020

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Yesterday, Anthony Pompliano pointed out that central banks are about to print fiat money right during the bitcoin halving

The famous crypto influencer refers in particular to the plan announced by the Fed to lower interest rates to zero, and implement a new $700 billion quantitative easing. Indeed, rates have already been cut, while the start of the QE seems imminent. 

But that’s not all. Coordinated action has also been taken by several central banks, including the Fed, ECB, Bank of England, Bank of Japan, Bank of Canada and Swiss Central Bank, to provide liquidity to support the economy in this critical phase due to the coronavirus emergency. This is a measure already adopted at the time of the great crisis of 2008, and which in fact provides for the creation out of thin air of large amounts of fiat money to be injected mostly into the financial markets. 

In other words, the global financial markets could soon be flooded again with large amounts of fiat money. 

Pompliano points out that this is happening at the very same time as the bitcoin halving, scheduled for around May 12th, 2020, is approaching: while the fiat money supply could increase significantly in the coming months, probably generating inflation, at the same time the increase in the monetary supply of BTC will be halved.

Pompliano states: “I’m not going to be able to do anything about it,” he says: 

“They are literally cutting rates and printing money right into the bitcoin halving. Unbelievable”. 

Obviously, the new massive global QE hasn’t started yet – but it will soon – and neither has the halving – but it will certainly happen by mid-May. The coincidence now seems inevitable. 

Admittedly, previous QE measures have not actually generated inflation, because they have not been able to raise the prices of consumer goods, but have probably generated a huge financial bubble that took the world’s stock markets to their all-time highs, before the collapse triggered by the coronavirus.

Consequently, Pompliano is hypothesizing that something similar could happen, with the addition that all this will happen in a short time, and in conjunction with the halving of the miner’s reward, which corresponds to the increase of the supply.

In another tweet he reiterated the concept by writing: 

“The Federal Reserve just ran a $700 billion marketing campaign for Bitcoin”.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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