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Fed Spending Is Good for Bitcoin, Bad For Main Street – CoinDesk

The Fed is handing Wall Street an asset inflation payoff while Main Street stares down the barrel of deflation. But bitcoin may benefit.

In early March 2012, three years after the biggest financial disruption in 80 years, with 8% of the U.S. workforce unemployed, with four million American homes foreclosed and with Europe tearing itself apart over fiscal austerity measures to contain a debt crisis, someone forked over $119 million for a painting.

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