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Thursday

13 May 2021

Bank of England Used as Bitcoin Advertising Board Stoking Inflationary Fears

Bank of England Used as Bitcoin Advertising Board Stoking Inflationary Fears


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In a bid to wake people to the dangers of Modern Monetary Theory (MMT), a message that read “printing money is stealing from the poor,” accompanied by a Bitcoin symbol, was projected on the Bank of England (BoE) building.

There’s also the matter of inflationary pressure that builds from the excessive money supply.

With its 21 million capped supply, Bitcoin is held up by cryptocurrency advocates as the antithesis to this model.

Given the mysterious Bitcoin projections on the BoE building and earlier this month on the Houses of Parliament, it’s clear that confidence in central banks is on the wane.

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