There are a lot of narratives behind BTC ownership right now as the Bitcoin news now show. A recent TV personality told the media why he purchased Bitcoin (BTC) and echoed a hedge against falling fiat. A US consumer television personality and author recently told his burgeoning follower base on social media on the reasons why he bought Bitcoin.
The Libertarian pundit John Stossel has been back on social media extolling the virtues of Bitcoin. Featured on ABC and Fox News, the commentator took a swipe at the FED and its dollar printers adding that he wants an investment which serves as a hedge against it.
“I bought #Bitcoin because I don’t want all my savings in dollars. What if my government prints lots of dollars and they become worth… pennies?,” the TV personality noted.
The tweet from a few hours ago also came with a video with a debate with the goldbug Peter Schiff who has also seen the merits of a decentralized digital asset. Another thing to note is that Stossel has a huge base of followers on Twitter so over a million people may have seen the tweet which is great exposure to BTC.
A lot of the responses to the TV personality claims were also pro-Bitcoin and the hedge narrative has been strengthening, especially in light of the recent repo agreements and FED intervention. One response read:
“The world is 250 trillion in debt. The US now has 1 trillion dollar deficits. It’s irresponsible to not own bitcoin as a hedge in case the money managers at the central banks lose control. With negative rates, liquidity injections into overnight repo market the control is slipping”
Meanwhile, we can see that the FED keeps printing and continues to flood the financial markets with new cash in its ongoing repurchase operations. All of these are short term offerings of cash in exchange for safe assets such as the Treasury bonds from banks.
FED pumping $425 BILLION of freshly printed fiat into the economy within 30 days.
This is 3x the entire Bitcoin market cap.
“THiS is nOt QE”
Buy Bitcoin 🔥🌶
— Ivan on Tech (@IvanOnTech) December 15, 2019
The TV personality shared his opinion on why he bought Bitcoin. And even though it may differ from most of the explanations in the cryptonews, we can see that the cryptocurrency is still a popular method of storage and (if bought today) could certainly be a profitable investment in the future.
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