Tip: Bitcoin is the most popular commodity for traders when interest rates are really low

08月
11
2020-8-11 20:21
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According to the Cointelegraph, key commentator Holger Zschaepitz described Bitcoin as a “new love” for asylum seekers because of issues like low interest rates in tweets. Zschaepitz noted that as the measure of money printing increases, the value of Bitcoin also increases. He concluded, “Bitcoin is a hot new commodity for investors because in an era of really bad interest rates, the value of cryptocurrencies fluctuates based on the central bank's balance sheet. How? 'Or' What.

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Many US banks have responded to the OCC, saying they are willing to provide crypto services.
Coindesk reported that several US banks in the past responded to the Office of the Treasury Department (OCC) for seeking legal advice on "the digital exploitation of the National Bank and the Federal Savings Association." Specifically, the United States' many banks, including financial institutions and the PNC, have said they would be happy to provide cryptocurrency monitoring and other services to their customers.
2020-8-11 20:16

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