The ECB, BoE and FED have all increased interest rates by a few percent, and have started selling treasury bills for fiat which removes the supply of cash in the economy. The shrinking balance sheet means that there is now a lower supply of fiat for every bitcoin than there was even a few months ago (the supply of bitcoins has massively increased compared to the supply of fiat). Would policies like this continue to reduce the price of Bitcoin?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments