Bitcoin is much more successful and much more stronger than FED

Bitcoin is much more successful and much more stronger than FED

Although the general view is that the strongest central bank is the FED, the stability of Bitcoin seems to change this situation. The traditional media creates an impression that the American Central Bank is the strongest bank, but when we examine it in more detail, we observe that this is not true. There is an apparently FED impression that has successfully overcome the 2008 Crisis, revived growth in the U.S. and reduced unemployment to its lowest level in history. In fact, to get out of the FED 2008 Crisis, it cut the interest rates to zero and printed exactly four times the money it had printed throughout its history. By 2015, the FED, which increased the interest rates as part of the normalization process, started burning the dollars it printed in 2018. He wanted to reach the old interest levels, that is, 4-5 percent with all the strategies he followed during this process. In the second half of 2019, it managed to raise interest rates to 2.25 percent, burning 17 percent of the money printed, so the stock market began to crash rapidly. To fix this situation he created, he stopped burning dollars and went to cut interest rates again. He even started printing money again and put the market back $ 60 billion a month. As of today, the dollar has lost more than 90 percent of FED's purchasing power since its inception. This confusing process was a result of the FED's strategies to raise interest rates.

BIS Warned About Low Interests

BIS, which was established in Switzerland in order to increase the cooperation between central banks and other institutions in order to ensure financial stability, pointed out that the "central bank of central banks", known in the market, is low interest rates. In its '2019 Annual Economic Report' published in July, BIS underlined that low interest rates and monetary policy cause 3 different dangers. FED policy according to BIS; it can complicate normalization, jeopardize the profitability of the banking sector, disrupt resource allocation and economic efficiency. The reason for the above mentioned strategies and situations is that the FED has changed its policies suddenly depending on the current political power and observes the 1 percent segment at the top of the financial pyramid. In short, interest relations.

Automated Central Bank Independent of Humanitarian Ambitions: Bitcoin

Although technology currency comes first to mind, when it said Bitcoin, in fact, Bitcoin is the name of the computer program that runs this currency. So, unlike all other central banks, Bitcoin does not favor anyone's interests and does not act accordingly. In BITcom; Vital monetary policies, such as when and how much to produce, and when prize halves will occur, are all clear. If we compare the dollar and Bitcoin; while it lost more than 90 percent of its purchasing power since 1913;Despite its 80 percent drop last year, Bitcoin brought about 260 thousand times its own currency. As the Central Bank prints money, the debt of the treasury, that is the people, increases constantly. However, when Bitcoin Central Bank prints money, only computer power is spent, no one is debited.