IMF Managing Director Kristalina Georgieva
is urging governments around the world to
because citizens need to keep spending more and more money in order to save global economies. Georgieva made the statement at Giadar, a Russian economic forum, on Friday.
Georgieva
admits that instituting a policy to continue printing money is very unusual from the IMF’s standpoint, but that it is the course of action the world needs right now. She suggests governments print more money in the month of March and then continue to push citizens to spend and spend more money.
The Managing Director of the IMF also points out that the organization assisted no fewer than 83 countries in 2020.
Is Printing More Money Really That Bullish for Bitcoin?
As governments continue printing money, the price of almost every asset class outside of cryptocurrencies is also going up. The difference is that investing in other asset classes means investing in traditional financial markets . Anything linked directly to the printing of government money has the potential to pump to a huge valuation for as long as money is being printed, only to collapse later on when the printer stops.
The last time governments in the United States and Canada announced printing trillions of dollars in stimulus money, crypto prices skyrocketed. This time since the market is already expecting the printing of more money, the announcements themselves aren’t having as much of an immediate impact.
However, at the end of the day, the decision to keep the printer on is going to devalue anything tied to the Canadian dollar.
That’s why both institutional and retail investors alike are pouring more of their capital into
, Ethereum and other cryptocurrencies than ever before. Even when the printer finally shuts off, the fact that there are only ever going to be 21 million bitcoins circulating our planet will likely make it a better store of value than going back to other traditional assets when they finally settle down.
Buy Bitcoin at Netcoins
is a cryptocurrency exchange in Canada proudly serving Canadians who wish to purchase Bitcoin , Ethereum , Litecoin and stablecoins like USDC . Start hedging against the inevitable inflation heading our way over the coming years right now by registering for a free account.
Written by: Jack Choros
Writer, content marketing at Netcoins.
The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
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