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The head of the International Monetary Fund (IMF) has called on countries around the world to spend as much as possible and then spend more. She admitted this is a “very unusual” policy for the IMF, but it is necessary to revive economies. Many people interpret her statement as very optimistic for bitcoin.

IMF encourages mass spending

Kristalina Georgieva, director of the IMF, has urged governments worldwide to spend as much as possible and then more. She said Friday at Gaidar’s annual economic forum in Russia that policymakers worldwide should spend more money to revive their economies. She was quoted by Reuters:

In terms of policy for now, very unusual for the IMF, I would go out from March and say, ‘please spend’. Spend as much as you can and then spend a little bit more.

“I continue to advocate for monetary and fiscal policy adjustments that protect the economy from collapse at a time when we are deliberately limiting both production and consumption,” she added. “IMF staff calculated that a coordinated G20 fiscal stimulus on green infrastructure, if done in a coordinated manner, would generate two-thirds more growth … than if each country acted alone.” Georgieva also noted that the IMF provided aid to 83 countries in 2020.

Massive government spending bullish for Bitcoin

Bitcoiners on social media see this news as ultra bullish for BTC. Many people interpret the IMF chief’s plea as “brrrr” as much as you can. Others said, “Money printer is going brrrr” and “buy bitcoin.”

This isn’t the first time the crypto community has discussed how massive government spending would increase the price of bitcoin. Early bitcoin investor Bruce Fenton previously described, “Stimulation and increased government spending are driving prices soaring, bitcoin wins.” River Financial tweeted last week:

Many of our largest clients have committed significant sums to bitcoin, mainly due to unsustainable government spending and quantitative easing by the Fed.

What do you think of the IMF chief’s statement? Let us know in the comments below.

Tags in this story

Bitcoin, brrrr, BTC, land expenditure, government spending, IMF, imf countries, imf governments, Printing money, money printing, expenses

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