Will the Fed's Balance Sheet Reaching $8.357 Trillion Accelerate Crypto Adoption?

In the past week alone, the Fed’s balance sheet hit another all-time high, now totaling over $8.3 trillion. Has its rapidly growing assets accelerated cryptocurrency adoption?

The Fed releases an update on its balance sheet every seven days, and this week's report revealed it had purchased another $8 billion in assets during that period.
Fed Balance Sheet Hits Record High With the Fed's balance sheet now at a mind-boggling $8.357 trillion, are we seeing a dollar bubble in the making? "There's no end in sight," said cryptocurrency proponent Anthony Pompliano.
The flood of new money pouring into the U.S. institutional financial infrastructure has kept interest rates in the dollar economy close to zero.
In the Fed's words, the purpose is to help it achieve its dual mission given by Congress: stable prices and maximum employment.
But in reality, the goal is to steadily and easily increase the price so that dollar users are incentivized to spend their dollars sooner rather than holding on to them waiting to spend.
Monetarists want to see goods and currencies exchanged more frequently and use quantitative easing to grease the wheels of the market.
Are central banks accelerating cryptocurrency adoption?
Nasdaq said, "As economies contract and government stimulus increases global money supply, concerns about inflation are palpable. Bitcoin positions itself as the perfect hedge against inflation. Unlike fiat currencies, Bitcoin is not regulated by a central bank."
Financial news website Benzinga on Saturday advised readers on how to consider cryptocurrencies as part of an inflation-proof portfolio, warning:
“With the U.S. Consumer Price Index rising over 5.4%, inflation is very real. Investors who do not consider their portfolio allocations may find themselves with less long-term purchasing power in the future.”
While the Fed essentially skims other people's money and lends it out at zero interest, investors on DeFi (decentralized finance) cryptocurrency lending platforms are lending their own money in exchange for huge, sometimes double-digit annual percentage returns. Meanwhile, others are depositing their savings in deflationary digital assets such as Bitcoin. With each round of money printing, central banks are injecting liquidity into decentralized banks. (Bitpush)