‘Get Ready for Bitcoin $20K,’ Says BitMEX CEO as Fed Panic-Prints $53B
William Suberg's original article for cointelegraph.com reduced by 53%
Bitcoin could soon shoot to $20,000 as a result of emergency measures from the United States Federal Reserve, also known as The Fed, one of the industry's biggest firms has said. The comments come a day after the Fed swooped to decrease interest rates on some loans which reached more than 10%, or four times its target. "QE4eva is coming.
Once the Fed gets religion again, get ready for #bitcoin $20,000," Hayes wrote. The Fed's QE injection marked its first emergency intervention since the end of the 2008 financial crisis, an event directly leading to Bitcoin's creation. While the cryptocurrency has yet to see a global crisis of the same scale, markets have shown that Bitcoin price benefits from political and economic uncertainty.
Not just the Fed but also the European Central Bank is following the QE trend once more this year. Earlier this month, Hayes already said Bitcoin would again hit its all-time high of $20,000.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.