Negative bets in the US – megabyte signal for bitcoin

US, WASHINGTON (ORDO NEWS) — Negative rates on deposits in the United States in an attempt to stabilize the system are a megabyte signal for bitcoin, Dan Tapiero, co-founder of Gold Bullion International and 10T Holdings, is sure.

Tapiero also noted that the current imbalance of the dollar will be a test of the viability of the existing financial system.

Recall that the US Federal Reserve against the backdrop of a growing threat to the economy from the coronavirus decided to lower the key rate range by 125 bp. up to 0-0.25%, as well as to buy back Treasury bonds and bonds with a mortgage cover in the total amount of $ 700 billion.

BitMEX analysts emphasized that the policy of the US Federal Reserve could only contribute to financial crises, since during each of them the solution was to reduce interest rates.

How the impending global financial crisis, which researchers warn about, will affect the cryptocurrency industry, can be found in the exclusive ForkLog .

Online:

Our Standards, Terms of Use: Standard Terms And Conditions.

Contact us: [email protected]

The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

Adblock Detected

Please consider supporting us by disabling your ad blocker