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Bitcoin Price Rises in Tandem With Central Banks’ Balance Sheets — Data
Bitcoin (BTC) is becoming investors’ favored escape from fiat misery and punitive economic policy — and central banks are only helping. In a tweet on Aug. 11, popular commentator Holger Zschaepitz described Bitcoin as the “new darling” for those seeking shelter from hurdles such as negative interest rates. The past few months have seen the United States Federal Reserve, in particular, intervene in traditional markets, buying huge swathes of control at a cost of trillions of dollars added to its balance sheet. As the money printing expanded, so did Bitcoin’s value, Zschaepitz noted. “Bitcoin is the new ... (full story)