Saturday, April 27, 2024
Home > ICO > Federal Reserve Could Taper ‘Soon’ as Officials See Interest Rate Hike Next Year — CoinDesk

Federal Reserve Could Taper ‘Soon’ as Officials See Interest Rate Hike Next Year — CoinDesk

Many cryptocurrency investors speculate that QE could weaken the dollar, pushing up the value of bitcoin, which has a capped supply. Bitcoin is also still seen on Wall Street as a speculative asset, and the bet is that more investors will be forced to seek such investments as so-called quantitative easing or “QE” – the practice of printing money to stimulate markets – suppresses returns in traditional bond markets.

Original Source