Mining company F2Pool wrote in the last block before bitcoin’s third halving a message criticizing the Fed’s actions in the face of the crisis and the international financial system itself. “NYTimes 09/Apr/2020 With US$ 2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue”, the message says. Translating: “NYTimes April 9, 2020 with US$ 2.3 trillion, Fed’s plan surpasses 2008 bailout”
The message refers to the Fed’s response to contain the coronavirus pandemic crisis, the same one used to contain the effects of the sub-prime crisis, when financial institutions received a trillion-dollar bailout from the central bank. And it is a tribute to the creator of bitcoin, the mysterious Satoshi Nakamoto, who inscribed in the genesis block of the bitcoin the message “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, referencing the rescue.
Satoshi Nakamoto launched Bitcoin in the midst of the 2008/9 financial crisis as an alternative to the current system, and with this coded message, he symbolized this intention to the world on the basis of the bitcoin blockchain.
Why does the last block before halving bring this message
The message in the last block before halving could not be clearer, since the third halving of bitcoin occurs during the crisis anticipated by the coronavirus pandemic, in which the response of central banks have been the same: inject money into the market and as a result devalue their currencies.
The bitcoin was created just for moments like this. By presenting bitcoin as an alternative to the current financial system, Satoshi Nakamoto got his message right, as the current crisis is seen as a continuation of the 2008 crisis, which has never really ended. In fact, the financial system is dissociating itself from reality as the Fed devalues the currency which is the world’s main store of value.
Third halving of the bitcoin in the thesis of Transfero Swiss
Bitcoin halving is even one of the pillars of Transfero Swiss’ special thesis that cryptoassets will be the best performing assets in the next two years. And according to Transfero Swiss’ head of Research and Portfolio Management, Carlos Russo, it had not yet been priced by the market.