The global economic crisis has become one of the reasons for the emergence and popularization of two financial trends: bitcoin (cryptocurrencies) and quantitative easing policies (QE). After the recession, central banks around the world injected trillions into the economy through open market operations and lower interest rates to support consumption growth and high stock market performance.
According to some analysts and investors, the resumption of the quantitative easing program will cause a rise in the price of bitcoin. Arthur Hayes, CEO of the BitMEX crypto derivatives exchange, also recently said that “the Federal Reserve wants to take the old things again,” implying a quantitative easing, so the price of bitcoin could rise to $ 20,000.
Once the Fed is back on track, get ready for $ 20,000 in bitcoin.
As we reported earlier, the European Central Bank (ECB) on September 12 already announced the resumption of its quantitative easing program with a monthly purchase of bonds in the amount of 20 billion euros. The ECB will support the “as much as needed” program.
The founder of the Ikigai hedge fund, Travis Kling, said the aforementioned policy is a request from “central banks to devalue their currencies urgently.” According to him, against the background of such “races” between central banks, the price of such scarce assets as Bitcoin should increase significantly.
According to some analysts and investors, the resumption of the quantitative easing program will cause a rise in the price of bitcoin. Arthur Hayes, CEO of the BitMEX crypto derivatives exchange, also recently said that “the Federal Reserve wants to take the old things again,” implying a quantitative easing, so the price of bitcoin could rise to $ 20,000.
Once the Fed is back on track, get ready for $ 20,000 in bitcoin.
As we reported earlier, the European Central Bank (ECB) on September 12 already announced the resumption of its quantitative easing program with a monthly purchase of bonds in the amount of 20 billion euros. The ECB will support the “as much as needed” program.
The founder of the Ikigai hedge fund, Travis Kling, said the aforementioned policy is a request from “central banks to devalue their currencies urgently.” According to him, against the background of such “races” between central banks, the price of such scarce assets as Bitcoin should increase significantly.
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