Bridger Pennington argues the Federal Reserve feels threatened by Bitcoin and may try to control or suppress assets. He cites remarks from Hillary Clinton and Jerome Powell as evidence, and claims the Fed's balance sheet has swollen to roughly $8 trillion while buying equities like Microsoft and Amazon.
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Seems like the Fed is kind of a little bit threatened by Bitcoin. This is, again, the secret agenda of the Fed. We're, we're hypothesizing here by who would have an innate nature to control or manipulate an asset like Bitcoin. Hillary Clinton on an interview said, we see Bitcoin as a threat to the dollar, kind of an off-the-cuff comment. Other— Jerome Powell said somewhat comments like this, kind of hinting at that in the past, but nothing outright direct. You can look at oil, you can look at gold, you can look at precious metals, you can look at diamonds, you can look at, you know, all these other assets, right? Could have suppression on them right now. The Fed, their balance sheet has ballooned. I think it's around $8 trillion on their balance sheet that they own of Microsoft. The Fed owns Amazon. They're buying equities, they're buying stocks.