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$300 billion was added last week by the FED, is Excessive Money Printing back?

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$300 billion was added last week by the FED, is Excessive Money Printing back?

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Funny how 36 hours ago I made this post about having to choose between magic internet money which is Crypto and Monopoly money which is Fiat currency that can be printed as much as the government wants or choose to print when they need it, now a few hours later after I made that post, I read about the Federal Reserve System (FED) added $300 billion into circulation last week while banks where crashing down, the report did not specify if it was to save the banks and provided liquidity for them, but doubt it was the case because I also read yesterday that Silicon Valley Bank has officially filed for Chapter 11 Bankruptcy.

That is why I said I strongly doubt the $300 billion was to save banks, so I might agree with those who under the post comment section said the $300 billion were loans from the Bank Term Funding Program (BTFP), not exactly money printing as I and many others thought but no one is sure, although it was reported that it was immediately injected into the money supply

Bank Term Funding Program

The Federal Reserve Board, on March 12, 2023, announced the creation of a new Bank Term Funding Program (BTFP). The BTFP offers loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par.

As I said no one is 100% sure the government money printing machining is back online but the news, either way, is good for crypto and It sounds like bullish news to me, It is Interesting how the investor in the crypto market will react to such news, and I guess they reacted to it positively because, within the last 15 hours, Bitcoin has pumped like crazy.

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