When money is so cheap, it grows on trees, there is only one thing to do...

According to Mike Novogratz, when central banks have the printing presses turned on full power like they do right now, there is really only one thing you need to do.

Buy bitcoin.

He said exactly that in a tweet yesterday.

Check it out:

(Source:

https://twitter.com/novogratz/status/1245091257061380097

- novogratz

)

We are entering a period where money is literally growing on trees...

In response to the coronaviure pandemic, central banks around the world have fired up the printing presses.

Last I saw the US was leading in terms of stimulus as a percentage of GDP, but there are a lot of countries involved...

Find more statistics at Statista

(Source: https://www.statista.com/statistics/1107572/covid-19-value-g20-stimulus-packages-share-gdp/)

In the US, this is a larger total dollar amount and a larger portion of GDP than we saw with the stimulus and bailouts back in 2009/2009.

The end result will be tens of trillions of newly created fiat money entering circulation globally...

What do you think that will do to asset prices?

Everything priced in fiat terms will go up.

That means housing prices, stock prices, oil, gold, double cheeseburgers, and yes bitcoin should all go up in fiat terms.

The best thing you can do to preserve value in times like this is buy assets with the fiat that is being debased.

So, for that reason, Novogratz is dead on...

Buy bitcoin.

Stay informed my friends.

-Doc