Quantitative easing was an act of monetary policy. Monetary policy helps stabilize the value of a currency and the output of a country. Bitcoin has no mechanism

Quantitative easing was an act of monetary policy. Monetary policy helps stabilize the value of a currency and the output of a country. Bitcoin has no mechanisms to stabilize aggregate supply & demand, and therefore is inherently subject to higher volatility. I think that if there was any mistake of QE, the mistake was that it didn't go far enough. Looking back, the recession ended up being deeper and longer than initially expected, and worries over inflation ended up not proving true. With the benefit of this hindsight, it seems clear to me that more QE would have helped the country.