Bitcoin: US Quantitative Easing Reignites Price Optimism
CryptoNewsTerminal Staff06 Aug, 2024
Bitcoin: US Quantitative Easing Reignites Price Optimism
Bitcoin Price Buoyed by US Quantitative Easing Crypto analyst Michaël van de Poppe believes that the recent surge in Bitcoin's price is partly driven by the US government's quantitative easing (QE) program. Van de Poppe notes that the Treasury is purchasing $30 billion worth of bonds each month, injecting liquidity into the global financial system. Silent Liquidity Boost This liquidity boost is not being fully priced into the market, according to Van de Poppe. He suggests that Bitcoin is responding to this increase in liquidity, signaling a potential for further price appreciation. Disclaimer: This article is for informational purposes only and does not constitute financial advice. ```
