Fed Chairman Becomes Cryptocurrency World Person Of The Year
Forbes has named Fed President Jerome Powell as the cryptocurrency world’s person of the year in the Crypto Awards, which they began to award for the first time this year. Forbes ‘ list, which announced that they are starting to award Crypto Awards for the first time, also includes different famous names.
Forbes, a popular magazine around the world, has named Fed President Jerome Powell as the person of the year in the cryptocurrency world as part of the crypto awards they have started to give this year. Anthony Pompliano, who was on the Crypto Awards jury, showed that “Powell ran a $ 3 trillion marketing campaign for Bitcoin” behind his election as Fed Chairman.
Why Jerome Powell?
The statement, written in Forbes, recalled the fact that the Fed, the US central bank, has minted more than $ 3 trillion in money as part of its fight against the pandemic, nearly doubling its balance sheet. The Fed’s move has created an environment in which cryptocurrencies are starting to be taken seriously, while Paul Tudor Jones, Stanley Druckenmiller, such as Wall Steet’s big names, were referring to the positive attitudes about cryptocurrencies.
However, as for the Fed’s money printing, venture firm Pantera Capital’s ” Bicentennial debt was made in one month.”his comment was also recalled.
Juror Anthony Pompliano said on the matter:
“I think Jerome Powell, along with his colleagues, did what he believed was best in the name of alleviating the problems caused by the pandemic and economic crisis in the short term. But in a short time, he has shown what will happen in the future, from retail investors to large corporate companies, in order to ease this pain.”
Other award winners
As part of Forbes ‘ Crypto Awards, The “Best Product” award went to square’s Cash App. Microstrategy CEO Michael Saylor received the award as” the most interesting departing name.” Apart from these,” disruptive innovator “Caitlin Long,” outstanding firm “Ark Invest and finally the” Annus Horribilis ” (Latin for terrible year) award was awarded to Libra (Facebook’s digital money).