Bitcoin Bulls Welcome Trump’s Call for Negative Rates

Bitcoin Bulls Welcome Trump’s Call for Negative Rates
ôîòî ïîêàçàíî ñ : bitcoinist.com

2019-9-12 19:00

US President Donald Trump on Wednesday urged the Federal Reserve to cut interest-rate down to zero or even steer in negative rates. Meanwhile, investors in the bitcoin market embraced Trump’s comments excitedly, believing they are bullish for the cryptocurrency.

  Yoni Assia, the founder & CEO of eToro, said a lower interest rate “should drive bitcoin prices up. ” The statements borrowed its fat from a well-circulated theory that says that increased lending at banking-level pumps the

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As if there were not enough economic problems facing countries of the world at the moment without an escalating trade war imposed by the Trump administration. Not content with levying heavy import tariffs on China, the POTUS has set his sights on Europe next, so will bitcoin and same safe-haven assets grow in popularity there too? Europe Next For Trade Tariffs According to reports, the Trump administration is preparing to announce tariffs on billions of Read More The post EU Next on Trump’s Tariff List; Will People Turn To Bitcoin? appeared first on Bitcoinist.com.

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