On Monday, the latest Bitcoin block reward halving finally arrived, decreasing the inflation rate of the BTC monetary base by 50 percent to ~1.6 percent — under the target inflation rate of fiat currencies and under the growth of the above-ground supply of gold.
It’s fitting, then, that around the time of the block reward halving, the Chicago branch of the Federal Reserve released a publication outlining the potential implementation of more inflationary monetary policy by the United States As many in the cryptocurrency space like to say, “Bitcoin fixes this.” Federal Reserve branch dabbles in (even more) inflationary monetary policy research Although the world seems more prosperous now than ever before, it’s somewhat of an illusion.
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