- Ki Younger Ju, CEO of CryptoQuant, asks the neighborhood to consider a scenario the place Satoshi prints extra BTC.
- Ki said that BTC will drop if this case happens.
- CryptoQuant’s CEO implicitly inspired motion by European and US central banks to ease liquidity pressures.
On Sunday night time, 5 central banks in the USA and Europe launched a coordinated effort to ease stress on world funding markets and enhance liquidity within the U.S. greenback. Consequently, the value of Bitcoin elevated, main Ki Younger Ju, CEO of CryptoQuant to share a contemplative message on social media.
Ki requested individuals who consider within the US greenback system to think about three issues. First, he requested them to consider a scenario the place cryptocurrency exchanges make investments all of their buyer funds in shitcoins. Second, he requested him to think about a scenario the place Satoshi Nakamoto prints infinite bitcoins to save lots of the alternate.
Third, the CEO of CryptoQuant requested the devoted to think about that the value of bitcoin fluctuates based mostly on Satoshi’s hawkish or dovish expressions.
Ki reposted a press launch from the European Central Financial institution asking individuals to think about a scenario the place Satoshi had simply printed extra bitcoins to save lots of cryptocurrency exchanges. As the availability will increase, the value of bitcoin will fall. Ki primarily compares to actions by central banks to extend the liquidity of the US greenback, which in flip will scale back the worth of the US greenback.
Three high-profile banks have collapsed previously few weeks. The collapse of Signature Financial institution, Silicon Valley Financial institution and Silvergate Financial institution resulted within the widespread man shedding the belief he had positioned in banks. However regardless of the chaos within the banks, the value of cryptocurrencies continued to rise, with BTC breaking $28,000.
