Why would the fed print too much money when they obviously know how it will impact the economy and the value of their fiat? The people will just suffer from great inflation when they do that, and the money will be useless so what's the point of receiving free money. The fed is there to control the monetary system and I don't think that they are stupid enough to go and print so much money just to give it to everyone. Also, take Venezuela as an example since they are suffering from hyperinflation, and one of the alternatives they use is bitcoin, but it doesn't necessarily mean that btc will directly increase.
Few words: budget deficit, the public debt, cost of debt maintenance, treasury bond, impact of increasing profitability of treasury bond on cost of debt, the risk of uncontrolled appreciation of the currency against other currencies and its impact on the country's economy, lockdown and its impact on the economy, bailout of behemoths like beowing.
Add it all together and you are doomed to print. Doomed to destroy current monetary system in next century. There is no way back. You have to print more and more and more. There is only one way out of it. "
we are bankrupt, we delete all our assets and start from scratch" but no one has balls to do it publicly. It's being done behind the curtain by inflation that lead to hyper inflation and finally to "delete all our assets and start from scratch" but without honest "we are bankrupt". But it's not only US. Same with Europe, Asia.