Bitcoin, Gold Spike As Fed Reserve Unveils Unlimited Stimulus Package
Crazy times we are living in but at least we have Bitcoin. Crazy times, indeed
Bitcoin, Gold Spike as Fed Reserve Unveils Unlimited Coronavirus Stimulus Package
“Bitcoin’s price shot up along with gold and stock futures after the U.S. Federal Reserve announced a quantitative easing package with no upper limit to support the economy amid the coronavirus crisis.
Immediately after the 12:00 UTC announcement, bitcoin jumped from $5,860 to $6,628 in an hour, according to CoinDesk’s Bitcoin Price Index. Gold, a classic haven asset, rose from $1,494 to $1,524 over the same time frame.”