When new money is created so often and on such a large scale, its value decreases dramatically over time. This destroys any incentive for someone to save their money.
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.
In extreme market conditions no asset is immune to risk, even those we traditionally look to for safety, such as precious metals and bitcoin.
India’s Supreme Court just lifted a two-year ban on cryptocurrency trading and activity, and it’s a big deal. India is home to over 1.4 billion people.