The Fed pumping the stock market might help Bitcoin, but not for the reason you expect
BTC $6861 (+0.3%) • ETH $158 (+1.3%) • XRP $0.18 (-1.3%)
Despite cheering against central banks printing money and governments accumulating massive amounts of debt, these phenomena may be the very things that bolster Bitcoin’s price action in the months and years ahead.
Some people believe that a collapse of the current economic system would bolster assets like Bitcoin due to economic participants fleeing to “hard money,” but one analyst is now noting that there could be another reason why loose monetary policy provides BTC with a boost.
His analysis is primarily rooted in Bitcoin’s close correlation to the stock market, noting that the injection of freshly printed money into equities could create a tailwind that drives Bitcoin higher.
More news ⏬
Atomic Loans raises $2.45m to build a decentralized finance marketplace for Bitcoin
Atomic Loans has been given a boost to develop a decentralized lending protocol for Bitcoin.
This billionaire investor believes Bitcoin has become a “macro weapon”
Billionaire investor and hedge fund manager Michael Novogratz is not quiet when it comes to his fondness for Bitcoin, with the legendary investor frequently evangelizing the digital asset when he makes the rounds on CNBC and other cable news networks.
Data: XRP was one of the worst-performing crypto assets in Q1 2020
XRP has seen its fair share of rallies over the past two years, but the third-largest cryptocurrency by market capitalization has been underperforming its crypto peers.
Bitcoin’s trend has never been this weak before halving: Should bulls be worried?
In approximately 30 days according to estimates, Bitcoin will see its next block reward reduction or “halving,” in which the number of coins issued per block will get cut in half from 12.5 to 6.25.
What else?
⛈ Bitcoin’s perfect storm: A Wall Street giant expects a “new world order”
🐞 Cardano (ADA) update: most problems with PoS solved, Byron reboot bug-free
⚡️ Key data metrics flip short for Litecoin as large transaction volume dives
Featured event
🗓 April 16-17 • Virtual Event
This spring the crypto community will head online to participate in the first-ever BlockDown 2020 remote crypto conference and hear from visionary blockchain entrepreneurs and business leaders, including global music artist Akon, Co-Founder & Chairman of Akoin, Roger Ver, Executive Chairman of Bitcoin.com, and Bitcoin Educator Jimmy Song. Learn more
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