Central Banks Are Crypto Investors' Greatest Friends
Beloved friends work in this building. Thank you for everything you've done for us!
I don't get cryptoheads piling on central bankers. That's stupid.
The crypto revolution involves one of the greatest wealth transfers in human history. We as holders of cryptocurrency are the beneficiaries and those invested in the legacy economy are the benefactors. Central bankers are the great facilitators.
Dear friends at the Bank of Japan, I bow to you in eternal gratitude!
Central banks have no choice but to keep interest rates at very low levels in order to keep mountains of debt from crushing the legacy economy. Governments, corporations and individuals are leveraged to the hilt. The tiniest hikes in interests would crush them. Hence, central banks will have to keep printing.
Thank you so much, my dearest friends working hard to increase my wealth at the ECB!
What this will lead to is asset price inflation, which is very different from consumer price inflation, which we haven't seen in 13 years. While Mains Street suffers Wall Street is thriving. Equities have generally poor price-to-earnings ratios and will increasingly look like shitcoins to investors. This has lead to smart money increasingly pouring into the crypto sector because cryptocurrencies are still an emerging asset class that still has plenty of upside left in today's highly speculative investment landscape.
By AgnosticPreachersKid - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=6282818
Dear Mr. Powell, you're a true friend! I will always remember the kindness and generosity of you and your hard working colleagues at the Federal Reserve!
The growth in crypto will eventually lead to the maturation of the space and a vast broadening of real world services being offered by companies that have adopted crypto. The debt ridden legacy economy eventually will die out. This won't happen overnight but it is the inevitable long-term outcome of the abnormal state of the economy the world is laboring under right now.
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