On November 3rd, U.S. Federal Reserve Chairman Jerome Powell finally hinted at the beginning of tapering resulting in Bitcoin and other cryptocurrencies taking a loss. The market has been moving sideways since then, cooling off after a rally that took BTC from $40,000 into price discovery above $65,000. Related Reading | Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics Issue In the meantime, fund investors turned mathematical artist Nelson Saiers struck Wall Street once again with one of his iconic sculptures. Part of a series of conceptual art installations that should come out in the next weeks, Saiers sculpture is called “Cheap Money Is Out-of-Order” and was placed in front of the iconic Wall Street Bull statue as a response to FED Powell. Below you can see the sculpture in its full glory. The piece is composed of a vintage gumball machine that offers people $10, hinting at the historical figure of Alexander Hamilton, whose ideas allowed the FED to be created, for only 50 cents as a statement made about the institution’s monetary policies in particular “cheap money”. Its location is equally important, as it was placed at the heart of the U.S. financial sector. As you can see below, the gumball machine has a sign that reads “out of order” highlighting the moral questions raised about the FED in the past years. Talking to Bitcoinist about the sculpture and what it represents in a world wher...
