{"id":106222,"date":"2020-11-06T12:21:36","date_gmt":"2020-11-06T09:21:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss\/"},"modified":"2020-11-06T12:21:36","modified_gmt":"2020-11-06T09:21:36","slug":"fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss\/","title":{"rendered":"# Fed calling for more stimulus is &#8216;code for buy Bitcoin,&#8217; says Winklevoss"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a297545b1ee3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a297545b1ee3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss\/#Powell_Congress_should_agree_more_stimulus\" >Powell: Congress should agree more stimulus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss\/#%E2%80%9CVirtually_no_BTC_left_for_sale%E2%80%9D\" >\u201cVirtually no BTC left for sale\u201d<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Fed calling for more stimulus is &#8216;code for buy Bitcoin,&#8217; says Winklevoss <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing.<\/p>\n<p>In a <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/tyler\/status\/1324535938853138432\">tweet<\/a> on Nov. 6, Tyler Winklevoss, co-founder of exchange Gemini, said that Powell\u2019s latest speech this week was \u201ccode for buy Bitcoin.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Powell_Congress_should_agree_more_stimulus\"><\/span>Powell: Congress should agree more stimulus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Powell was addressing a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> conference, which followed the Fed\u2019s Nov. 5 meeting on the state of the economy and future measures.<\/p>\n<p>As before, he reiterated that the central bank had not exhausted its range of tools for supporting the economy. These have so far included heavy interventions in stock markets, financial stimulus measures and direct payments to Americans.<\/p>\n<p>\u201cI just would say that I think we\u2019ll have a stronger recovery if we can just get some more fiscal support, when it\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriate\u2026 the size Congress thinks is appropriate,\u201d he said, quoted by <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/Reuters\/status\/1324534466937819137\">Reuters<\/a>.<\/p>\n<p>Bitcoin proponents have long warned about the long-term impact of short-term meddling in the economy by central banks, this represented by the huge increase in public debt seen in the U.S. and elsewhere in 2020. <\/p>\n<p>The Fed\u2019s <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/bst_recenttrends.htm\">balance sheet<\/a> stood at $7.14 trillion on Friday, near record highs. U.S. national debt has topped $27.2 trillion, a figure never before seen in history.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/246b658c-9604-4c5e-ad23-fa7fd57a9ace.png\"\/><figcaption style=\"text-align: center;\"><em>Fed balance sheet since 2007. Source: Federal Reserve<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CVirtually_no_BTC_left_for_sale%E2%80%9D\"><\/span>\u201cVirtually no BTC left for sale\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In what some this week described as a clear demonstration of simple supply and demand at work, Bitcoin \u2014 with its fixed supply \u2014 continued climbing as Powell delivered his speech.<\/p>\n<p>The largest cryptocurrency has gained over 15% since the start of the week, rising to levels not seen since the end of 2017. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"\/><\/p>\n<p>According to quant analyst PlanB and others, this is to be expected, as six months after its block subsidy halving cut the supply of new Bitcoins in half, investors have bought up the slack.<\/p>\n<p>These have included existing corporate buyers who have upped their requirements, among them payment gateway Square, which saw 80% of its Q3 revenue come from Bitcoin.<\/p>\n<p>\u201cThere is virtually no BTC left for sale,\u201d the popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/girevik_\/status\/1324382990487662593\">girevik<\/a> summarized, noting large buyer support on exchanges at levels below $13,000. Sellers have yet to impact the market, even at close to $16,000.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Fed calling for more stimulus is &#8216;code for buy Bitcoin,&#8217; says Winklevoss &#8221; The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov. 6, Tyler Winklevoss, co-founder of exchange Gemini, said that Powell\u2019s latest speech this week was \u201ccode for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":106223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-10\/947ff11f-12c2-4432-a884-ec0a7108ba8c.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74899,76971,75022,74866,1545,73785],"class_list":["post-106222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-adoption","tag-cameron-winklevoss","tag-central-bank","tag-winklevoss-twins","tag-coronavirus","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/106222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=106222"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/106222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/106223"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=106222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=106222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=106222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}