You are viewing a single comment's thread from:

RE: BTC - As the U.S. moves towards lower rates, will that benefit Bitcoin?

in #bitcoin5 years ago

Hello dear friend @jrcornel.

In practice, when the Fed lowers the reference rates, the interest on loans also decreases, giving companies more reasons to invest and consumers a push to spend.

Then we may see that part of these resources are taken to the crypto market. The big limitation would be in the low crypto adoption rate. There are still few ordinary citizens and even large investors who prefer to invest in cryptography. Since the middle of this year we have witnessed a smear campaign against cryptocurrencies.

On the other hand it is interesting that the United States is in need of reducing rates, this shows that the growth prospects are weaker, would be receiving back the effects of its own trade restrictions.

All this is part of the dynamics of the fiduciary financial market.

Will BTC benefit? This is definitely very likely to happen, but what we cannot predict are market volumes.

All best, Piotr.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62102.31
ETH 2432.92
USDT 1.00
SBD 2.67