Picture of the author

B3bit

06/19 16:04Bullish

Kevin Warsh Still Needs to Manage the Dollar, Bitc

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Kevin Warsh Still Needs to Manage the Dollar, Bitcoin Can Operate Automatically Warsh's first Federal Open Market Committee (FOMC) meeting showcased his hawkish stance, indicating that the dollar still requires continuous management—a situation Bitcoin's fixed supply is designed to avoid. This week, Kevin Warsh chaired his first FOMC meeting since taking office and immediately displayed a hawkish stance. Interest rates remained unchanged, but the new Fed chairman made it clear that he would prioritize price stability and reduce accommodative forward guidance. While Warsh focused on addressing the ongoing challenges facing the dollar, his debut actually highlighted a deeper issue: the dollar still requires continuous human intervention to prevent depreciation and losses. In contrast, Bitcoin's supply is fixed, and its issuance is predictable, something no chairman can change. Warsh's first meeting as Fed chairman highlighted the advantages of Bitcoin's fixed supply more than ever before. Warsh inherited a central bank that must constantly adjust the money supply to balance inflation and employment. This is not a temporary problem, but an inherent part of the mechanism by which fiat currency works. The Federal Reserve can expand or contract the money supply at will, and history shows that the money supply tends to increase over time.
1Share

All Comments0LatestHot

avatar
LatestHot