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Title: Federal Reserve injects $57.7 Billion to ‘Calm Markets’ for 2020 Post by: DreamStage on January 05, 2020, 01:26:22 PM The Federal Reserve Bank of New York has just injected a fresh batch of money into financial markets to calm them for the new year. With each iteration, the case for a deflationary currency like Bitcoin only grows stronger.
Bitcoin’s strongest attribute is that it’s inherently anti-inflationary. That being said, the case for cryptocurrencies becomes easier when the limitations of the current fiat system are laid bare for all to see. Full News here (https://beincrypto.com/federal-reserve-adds-another-57-7b-calm-markets-for-2020-yet-another-case-for-bitcoin/) (Not click campaign, just sharing information) Another case where Federal Reserve Bank help Bitcoin price to maintain a steady line since September downs. It has been several times at 2019 where FR Bank assisted in Bitcoin as things would go on a sad way. This also means it's something positive to look at for the future countries adoption. As they might see this a positive sign for accepting / legalizing Bitcoin and other cryptocurrencies. Title: Re: Federal Reserve injects $57.7 Billion to ‘Calm Markets’ for 2020 Post by: avikz on January 05, 2020, 01:58:11 PM It's an yearly / half yearly activity of all central banks worldwide. The value of any currency can decline due to inflation or other external factors, so to keep the size of economy intact and to maintain the liquidity in the market, central banks infuse fresh supply of money into the economy.
I don't know how it's helping bitcoin! Bitcoin is definitely deflationary in nature and that's why it's price is supposed to be increased! Fed's infusion of money into economy has no direct relation with bitcoin's price! |