The US Federal Reserve is expected to cut the target interest rate on Wednesday for the first time since the global financial crisis a decade ago. This policy shift is gasoline for bitcoin. To cut rates, the Fed will increase the supply of US dollars, thus cannibalizing its value. It’s a stark reminder that fiat […]
The post America Hasn’t Done This in 10 Years – And It’s Fire for Bitcoin appeared first on CCN Markets
source https://www.ccn.com/fed-interest-rate-cut-bitcoin/
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