International Monetary Fund Tells Governments to Keep Printing Money

January 19, 2021

IMF Managing Director Kristalina Georgieva is urging governments around the world to print more money 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 Bitcoin, 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.

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