Dan Morehead – Chief Executive Officer of Pantera Capital – said the enforcing U.S. monetary policy could create a bubble in the financial system. which in his view The bond market “managed” by the FED is a real schematic, not bitcoin.
ingive an interviewMost recently with Bloomberg, Pantera Capital founder and CEO Dan Morehead warned that investors involved in bonds “Will be completely destroyed when the Fed stops regulating the bond market.”
Many critics in the industryNSriptocurrency such as Paul Krugman Nobel Prize winner and Richard Bernstein have said over the past several months that bitcoin is a Pyramid.
Morehead strongly disagrees with those information. as he said The American bond market is a true syndicated scheme. Meanwhile, cryptocurrencies can be hedged as bubbles in that sector begin to emerge.
The Federal Reserve Bank of the United States – Federal Reserve – is a powerful institution that can affect the global financial network. Since the start of the COVID-19 pandemic, the Fed has given the US Treasury Department the green light. to print trillions of dollars This is a move that could cause additional financial problems. This includes a sharp increase in inflation.
In fact, several months later Inflation in the United States has surged past 6% for the first time in decades. And a few days ago, Nayib Bukele, President of El Salvador has called on the US authorities Stop printing such huge amounts of money because of the US national currency. It was widely used in his country.
When it comes to major cryptocurrencies It is an asset that can combat inflation concerns. This is because it is limited to 21 million BTC and many experts consider it a suitable financial tool to hold during the economic crisis.
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