Federal Reserve has just announced that it is cutting the interest rates to near 0 and launches a $700 Billion Quantitative Easing program.  While everyone is expecting this to bring some relief to market when it opens on Monday, Cypto market reacted with gusto.

Bitcoin price jumped from $5300 to $5700 in a matter of hours.

Federal Reserve also has slashed the Bank reserve to 'zero'.  

It is becoming abundantly clear that Federal Reserve is running out of options to stimulate the economy in the face of this coronavirus threat and the 'fiat' currency is losing its hold.  

With this move, some people believe that US will see a massive inflation in the coming years and US dollar will lose its value.  It might be interesting to know that US has already lost over 96% of its value in the last 100 years.  This means, what would have costed you 4 cents a 100 years ago would cost you $100 today.  

In the last 10 years US Dollar has lost 16% of its value while Bitcoin has gained much even with its fully volatile action pattern.  This was when the Federal Interest rate was not ZERO.  

In the coming decade - US dollar is expected to lose more to inflation than it had in the past.  

This realization has made crypto folks to capitalize on the recent dump of Bitcoin which resulted in a sudden spike in Bitcoin's price by over $400 in 2 hours.

If we compare a US dollar backed by nothing that could potentially lose 50% of its value in the next decade with Bitcoin which is not only the currency but also the piece of technology - that could potentially be the future of global reserve - the crazy price claims start to sound less crazy!