2024

Coin

<ul class="news-points">
 <li>Balaji argues the Fed’s monetary policy is unpredictable compared to Bitcoin’s consistent issuance, which he considers crucial alongside its scarcity.</li>
 <li>The Fed made three rate cuts by March 2024 but is ready to raise rates if needed.</li>
 <li>The Fed plans to maintain restrictive policies if inflation remains high.</li>
</ul>
Balaji Srinivasan, the former chief technology officer of Coinbase, has criticized the Federal Reserve, arguing that the Fed’s funds are “poor predictors of monetary policy paths.” The tech mogul asserted that the Fed’s policy is unpredictable, contrasting it with Bitcoin’s consistent monetary policy.
“if you made the graph of Bitcoin’s predicted issuance versus its actual issuance over the last 15 years, they would be exactly superimposed,” Balaji <a href="https://x.com/balajis/status/1795058103324487779" target="_blank" rel="noopener noreferrer nofollow">stated</a>.
This predictability, he contends, is as crucial as Bitcoin’s scarcity.
Balaji previously likened the Fed’s approach to controlling a complex system through votes.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Imagine trying to control a highly multivariate system by adjusting a single parameter with a committee vote, with a feedback delay measured in months while the characteristic time of the system is in seconds. That�…
</blockquote>
The post <a href="https://coinedition.com/balaji-srinivasan-criticizes-feds-unpredictable-monetary-policy-praises-bitcoins-stability/" rel="noopener noreferrer nofollow">Balaji Srinivasan Criticizes Fed’s Unpredictable Monetary Policy, Praises Bitcoin’s Stability</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Balaji Srinivasan Criticizes Fed’s Unpredictable Monetary Policy, Praises Bitcoin’s Stability

Coin Edition

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