Week of April 1, 2020
“There Is An Infinite Amount Of Cash In The Federal Reserve”
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday night on 60 Minutes that “there is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.” For some of us, this confession may be an eye-opener. For others, we’ve come to realize that the Fed has always had this power. We can only hope that with the amount of attention the dollar is getting in the media these days, that more people are beginning to ask themselves why we still assume this government funny-money still has value. Read More
“Don’t Trust, Verify.”
Bitcoin, on the other hand, is actually your money. You don’t have to trust any institution, politician, central banker, or spray-tanned man in the oval office. You can verify the total money supply and sleep easy knowing it isn’t being inflated to the tune of a $6 Trillion bailout. You can verify your money on the blockchain.
41 Days Til The Bitcoin Halving
The blocks continue to tick off and we’re getting extremely close to the next Bitcoin halving. As central banks increase the rate of new money, Bitcoin is about to decrease the rate of new money. 2020 will be an exciting year for Bitcoin.
Coinme is turning seven in May. Looking back over those seven years, we wanted to reminisce some of our key milestones.