RE: The Fed’s Interest Cut And Global Markets’ Crash Might Lead To Bitcoin & Crypto Surge
They’ve done this to themselves, no way this would ever be sustainable but it seems they’re haughty enough to believe their delusions….
The Fed’s Interest Cut And Global Markets’ Crash Might Lead To Bitcoin & Crypto Surge, Says Coinbase CEO
Brian Armstrong, the CEO of leading US-based cryptocurrency exchange, Coinbase, believes that the current drop in the global markets and the latest cut in the interest rates might be a turning point for the industry as it could lead to a crypto surge this year.
According to Armstrong, governments around the world are continuously looking for ways to stimulate the failing economy, including using “quantitative easing” and printing more money, just like China did…
…The Coinbase CEO believes that investors looking to safeguard their wealth against inflation might move their funds into cryptocurrencies as a hedge.
‘This could be the year where the mindset of institutional investors begins to shift, from crypto as a venture bet, to crypto as a reserve currency,’ he said.”