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Bitcoin
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The Fed Is Printing More Money Into Circulation
During 2020, due to the COVID-19 pandemic, the U.S. government and the Federal Reserve started an unprecedented money printing spree, with 22% of all U.S. dollars in circulation created in that year. The debt to GDP ratio of the U.S. skyrocketed from around 60-70% to 135%, financing stimulus packages without the corresponding revenue. This massive printing of money, along with tax dollar allocations, aimed to pump money into the economy and provide economic stimulus. This surge in money supply can lead to potential inflation as more dollars in circulation could decrease the purchasing power of each dollar over time.
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