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Fed’s Interest Rate Plan Could Push Investors to Bitcoin

From decrypt.co

The Federal Reserve today said it would keep interest rates near 0% through 2023 in a move that could push investors toward Bitcoin. At the conclusion of a two-day policy meeting, during which the Federal Reserve Board of Governors discussed how to actualize its general strategy of letting inflation rise, the Fed said that near-zero interest rates would likely be in place through 2023 to help the US recover from the economic fallout from the coronavirus pandemic. Fed Chairman Jerome Powell today told a press conference: “With regard to interest rates, we now indicate that we expect it will be appropriate to maintain ... (full story)

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  • Category: Fundamental Analysis