Stating that the USA will start printing money soon, Forbes claimed that trillions of dollars will enter BTC, ETH and XRP.
The anti-inflation policies implemented by the USA have recently revealed many thoughts. Markets are particularly focused on recession concerns. In parallel with the US’s moves in the field of economy, an increase is expected on the BTC side.
Forbes stated that the USA will face an 8 trillion dollar shock and therefore will start printing money. According to Forbes, trillions of dollars will shift to BTC, ETH and XRP as the US starts printing money.
Forbes: XRP, BTC and ETH will be preferred
Forbes published an article claiming that the US dollar will collapse and money will shift to ETH, BTC and XRP.
The article published by Forbes was based on the fact that the US Fed will abandon the increase in interest rates and start printing money. In the article, it was stated that Bitcoin fell by 60 percent from the 70 thousand dollar band it reached towards the end of 2021. This decline wiped out $2 trillion from the cryptocurrency market. BlackRock’s addition of Bitcoin to its $17 trillion investment management was one of the data written by Forbes.
Forbes stated that the Fed risks putting the country into recession while struggling with its $33 trillion debt burden. Stating that this situation will end soon, Forbes stated that the USA will start printing money.
The article stated that as the USA starts printing money, the transition to gold will increase and XRP, ETH and BTC will come to the fore as competitors to gold. Forbes stated that after the $8 trillion US shock, trillions of dollars will flow into XRP, BTC and ETH.
In other news, Jefferies’ head of equity strategy sent a note to clients. In this note, obtained by CNBC, it was noteworthy that Bitcoin was described as a safe haven in case inflation returns.
