- Ki Younger Ju, CEO of CryptoQuant, asks the group to consider a state of affairs the place Satoshi prints extra BTC.
- Ki mentioned that BTC will crash if such a state of affairs happens.
- CryptoQuant CEO not directly roasts European and US central financial institution shares to ease strain on liquidity.
On Sunday night, 5 central banks in the USA and Europe launched into a coordinated effort to ease strain within the international funding market and to extend US greenback liquidity. This led to a surge within the worth of Bitcoin, which led CryptoQuant CEO Ki Younger Ju to share a contemplative message on social media.
Ki requested individuals who consider within the US greenback system to think about three issues. He first requested them to consider a state of affairs the place cryptocurrency exchanges make investments all buyer funds in shitcoins. Second, he requested to think about a state of affairs the place Satoshi Nakamoto prints infinite Bitcoins to bail out exchanges.
The CEO of CryptoQuant thirdly requested believers to think about the worth of bitcoin fluctuating based mostly on Satoshi’s hawkish or dovish expressions.
Ki retweeted the press launch from the European Central Financial institution, asking folks to think about a state of affairs the place Satoshi simply printed extra bitcoins to bail out cryptocurrency exchanges. Bitcoin worth would fall as provide will increase. Ki is actually evaluating it to central financial institution motion to enhance the liquidity of the US greenback, which in flip will lower the worth of the US greenback.
The previous few weeks have seen the autumn of three main banks. The collapse of Signature Financial institution, Silicon Valley Financial institution and Silvergate Financial institution has precipitated the common individual to lose religion in banks. Nevertheless, regardless of the banking chaos, the worth of cryptocurrencies rose, with BTC surging above $28,000.
