On Thursday (March 26), Tyler Winklevoss, Co-Founder and CEO of digital asset exchange Gemini, called Bitcoin a "vaccine."
This was the tweet that Winklevoss sent out earlier today:
Bitcoin is the only vaccine in the world that can give you immunity to the money printing disease.— Tyler Winklevoss (@tylerwinklevoss) March 26, 2020
A prominent member of the crypto community on Twitter that immediately agreed with Winklevoss's assessment was Gabor Gurbacs, Digital Asset Strategist/Director at asset management firm VanEck:
It's interesting to see both Winklevoss and Gurbacs refer to Bitcoin as the "vaccine" because, for the past couple of years, another highly influential crypto influencer Anthony Pompliano (aka "Pomp"), Co-founder and Partner at crypto-focused investment firm Morgan Creek Digital Assets, has been promoting the meme "the virus is spreading" when tweeting about Bitcoin.
Symptoms of the "money printing disease" that Winklevoss is referring to in his tweet are the recent actions of the Federal Reserve (aka "the Fed") in response to the huge economic threat to the U.S. (and world) economy posed by COVID-19.
As CNBC reported earlier today, the Fed Chairman Jerome Powell said in an interview with U.S. television network NBC's "TODAY" program that the U.S. central banks will continue to provide liquidity to businesses that need it:
"When it comes to this lending, we’re not going to run out of ammunition, that doesn’t happen. We still have policy room in other dimensions to support the economy."
Here are some other crypto influencers that have been expressing similar sentiments to Winklevoss in the past couple of weeks:
Federal Reserve to print $6 Trillion— Vis (@Vis_in_numeris) March 24, 2020
European Central Bank to print €1.1 Trillion
People's Bank of China to print ¥2.8 Trillion
Bank of England to print £200 Billion
Bank of Korea to print ₩11.7 Trillion
Bank of Japan to print ¥12 Trillion
This is why bitcoin was created.
Many say Bitcoin could reach $100,000— Rekt Capital (@rektcapital) March 26, 2020
This may sound like a crazy figure
But what if we factor in excessive money printing & devaluing of the US Dollar into the equation?
Makes you wonder what $100,000 could actually be worth months/years down the line$BTC #Crypto #Bitcoin