- Ki Younger Ju, CEO of CryptoQuant, asks the neighborhood to consider a state of affairs the place Satoshi prints extra BTC.
- Ki said that BTC would go down if such a state of affairs happens.
- CryptoQuant CEO was not directly roasting the actions of European and US Central Banks to melt the liquidity pressure.
On Sunday night, 5 central banks in the US and Europe undertook a coordinated effort to alleviate strain on the worldwide funding market and to boost US greenback liquidity. This resulted in a surge within the worth of Bitcoin, main Ki Younger Ju, CEO of CryptoQuant, to share a contemplative social media message.
Ki requested the individuals who imagine within the US greenback system to think about three issues. He initially requested them to consider a state of affairs the place cryptocurrency exchanges make investments all consumer funds in shitcoins. Secondly, he requested to think about a state of affairs the place Satoshi Nakamoto prints infinite Bitcoins to bail out the exchanges.
CryptoQuant CEO thirdly requested the believers to think about the value of bitcoin fluctuating primarily based on the hawkish or dovish expressions by Satoshi.
Ki retweeted the press launch by the European Central Financial institution, asking folks to think about a state of affairs the place Satoshi simply printed extra bitcoin to bail out cryptocurrency exchanges. The worth of Bitcoin would plummet as the availability will increase. Ki is mainly making a comparability to the motion of the central banks to boost US greenback liquidity, which in flip will lower the worth of the US greenback.
The previous few weeks have witnessed the downfall of three outstanding banks. The collapse of Signature Financial institution, Silicon Valley Financial institution, and Silvergate Financial institution has brought on the common particular person to lose the belief vested within the banks. Nevertheless, regardless of the banking chaos, the value of cryptocurrencies has been on the rise, with BTC breaching $28,000.