As five central banks across the United States and Europe took coordinated action to ease the stress on the global funding market, the price of Bitcoin saw a spike on Sunday evening, which prompted a reflective social media post from CryptoQuant CEO Ki Young Ju.
What Happened: Ki contrasted the action of the central banks with Bitcoin’s pseudonymous creator Satoshi Nakamoto in his tweets on Sunday.
“Satoshi just decided to print more Bitcoins again to bail out crypto exchanges. BTC price will go down as its supply increases,” said Ki.
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