You Won’t Believe How the Fed’s Mistakes Are Sabotaging Bitcoin (According to an Economist) 😱

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If one wishes to comprehend the curious fate of Bitcoin—nay, the entire American soul—one should turn not to textbooks, but to the weary mutterings of men such as Timothy Peterson, an economist whose conscience labors under the weight of Federal Reserve blunders. A Dostoevskian figure, perhaps—standing alone amid the snowdrifts of monetary despair, his tiny candle of hope flickering feebly in the wind. 🕯️

Recently, in the digital marketplace of X (formerly known by a more honest name), Peterson did not mince words. He declared, as Raskolnikov might declare the stain upon his soul, that the Federal Reserve has erred gravely. With all the subtlety of a Dostoevsky character making terrible life choices, its leaders, he claims, have constricted the flow of money like a miser’s fist, only to discover—to their horror—that consequences do, in fact, exist. Shocked? You shouldn’t be. The U.S. economy is stumbling, and Bitcoin, that mysterious creature, stares longingly at heights it cannot reach because Jerome Powell decided to play Sisyphus. 🔄

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Peterson, with the calm resolve of a man who has spent too long in cold Petersburg rooms pondering the void, explains: trim the money supply too much and you don’t get prosperity, you get deflation. The economy, scarred and downtrodden, limps rather than sprints. People clutch their savings, spending as if each coin is their last—perhaps it soon will be. Ah, the irony! We were promised stability and got economic Dostoevsky instead: lower prices, shrinking growth, anxiety gnawing at the collective psyche. 💸

“The Fed still doesn’t realize the real issue is its own policy,” Peterson wrote, presumably while staring out a window at a bleak, snow-covered street, sipping cold tea flavored with regret.

According to our economist’s haunted reckonings, Americans are besieged not by external enemies, but by a most insidious foe: too little money coursing through the arteries of commerce. Businesses gasp for life; consumers flounder. The stage is set for existential drama, but all we got is another FOMC meeting.

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Peterson even hazards (with the boldness of a man who’s lost what little he has left) that Bitcoin’s price might be soaring 30% to 50% higher—if only those at the helm had executed a so-called “soft landing.” Yet here we struggle, as ever, with hard landings and harder truths. Bitcoin shackled! Investors, clutch your portfolios as Dostoevsky’s characters clutch their overcoats—there’s a storm coming.

The economist foresees a future where both crypto markets and the wider economy continue to wrestle with the ghosts of these monetary misdeeds for years. Only the daring—or the foolhardy—should rush in. Choose wisely. Or, you know, just buy the dip. 🤷‍♂️

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2025-05-08 11:01