Why Fed policy could be 'rocket fuel' for bitcoin | Crypto Craft

  • Why Fed policy could be 'rocket fuel' for bitcoin

    From asiatimes.com

    America’s central bank is once again expanding its balance sheet, this time through a “disguised quantitative easing program,” and crypto experts say it could propel bitcoin to new heights. The US Federal Reserve’s balance sheet includes a large number of distinct assets and liabilities. When interest rates begin to rise, the Fed pumps more money into the system by purchasing treasuries, which means the banks have more cash available to lend and lower interest rates, according to a CoinDesk report. In October, the Fed’s assets grew by over $162 billion to register the biggest monthly rise since 2008. ... (full story)

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TudorIoan
Nov 28, 2019 10:02pm
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Quoting Not-KPMG
You mean the disgusting toilet paper printing? ���������� Yeah, i didn't know ����������������
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TudorIoan
Nov 28, 2019 10:23pm
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Squeak, squeak, squeak, McAfee-KPMGgot!
Fed don't use paper money, the banks have now digital platforms, digital vaults!
Squeak, squeak, squeak around is all you can do, McAfee-KPMGgot!
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TudorIoan
Nov 29, 2019 1:38am
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Bitcoin does have a bottom.
It's just a matter of time until the mining reward will become zero.
Then the transactions' fees will go wild to foot the electricity bills and the pachidermous profits for the few oligarchic ogre crypto plants remained in the game and which will have all the control of the blockchain. They can reverse the chain, change protocol, cut, remake, add fake blocks... notorious problem.
The 51% attacks, ...a piece of cake for the few crypto oligarchs. Simple business.
And everybody knows that! It's unreasonable to ignore that!
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Not-KPMG
Nov 28, 2019 12:42pm
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You mean the disgusting toilet paper printing?

😱😱😱😱💰

Yeah, i didn't know 😉😉😉💰💰💰👏👏
Reply
TMR
Nov 29, 2019 12:23am
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Bitcoin has no top because fiat has no bottom.
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