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Welp.. There it is. This is why we have been and will continue to buy and hold Bitcoin.

Welp.. There it is. This is why we have been and will continue to buy and hold Bitcoin.



View Reddit by ssienk117View Source

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4 Comments

  1. TLDR is that the Fed (led by Powell) is “retiring” the use of the word transitory to describe inflation. In other words, when you print a ton of money, inflation increases. When you continue to print a ton of money, inflation will continue to increase with no end in sight.

    TLDR TLDR: This is good for Bitcoin

  2. tldr; The US Federal Reserve will stop using the word “transitory” to describe the fast pace of price increases, Chairman Jerome Powell told Congress on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly what we mean,” he said. The central bank had been using the T-word since the beginning of the year, when Fed officials warned that nuances in year-over-year comparisons and supply chain bottlenecks would lead to high inflation readings.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

Did they just announce CBDC’s?

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