Wharton Professor Urges the Fed to 'Bite the Bullet' and Defend the US Dollar — Warns About Bitcoin Taking Over – Bitcoin News

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'We talk about bitcoin taking over. We've got to defend the dollar,” said the professor, urging the Fed to take action. crypto cryptocurrency $BTC

Wharton Professor Urges the Fed to 'Bite the Bullet' and Defend the US Dollar — Warns About Bitcoin Taking Over

Siegel is Russell E. Palmer Professor Emeritus of Finance at Wharton School, University of Pennsylvania. His research focuses on demographics, financial markets, long-run asset returns, and macroeconomics. “They’re going to have to do much more than that … I’m actually disappointed that Chairman Powell did not look at the history that this is not a time for us to slow down,” the Wharton finance professor stressed, elaborating:

He said last week that it would be a “big policy mistake” for the Fed to slow down interest rate hikes because of the situation in Ukraine.

 

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So what is the temporary inflation senator talk about?

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The fed has been terribly wrong for longer than a year.

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😂 defend what....it aint worth sh!t....times ticking for the Flintstones fiat

My usdt lending is my defence against usd inflation

I think bitcoin is much stronger than the dollar and soon we will see mass adoption of this crypto asset.

they need to accept that Bitcoin is a real currency 😑😑

Stop brokering Fed you must be an imposter. Fed is not a government entity it must be penalized and banned effective immediately.

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Ok… this guy must 1. Not know the technology or anyone who can educate him on it. 2. Must not understand that the fed and central banking is a Ponzi scheme. Or 3. Is being bribed, influenced or attacked by big banks. lettheboomersgo

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Impossible to defend the dollar at this stage. 40% more dollars were added to the supply. That was the cause of damage, not Bitcoin. Bitcoin is just the lifeboat people need, espcialy when they decide to add 400% to the supply. Zimbabwe, Venezuela, Lebanon, Turkey… United States

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