"Infinite money" policy will benefit Bitcoin
The Federal Reserve (FED) would finance this aid and other measures (purchase of bonds, mortgage-backed securities, etc.) with a policy called “the infinite money machine” in crypto space. The name comes from the statement of the FED President that the central bank has an “infinite” amount of USD to spend.
The crypto market was positively influenced by the rise of the Dow Jones. Although there has been some discussion of a decoupling between Bitcoin and the stock exchanges, the first cryptocurrency by market capitalization was gaining about 3.34% at the time of the writing. The rest of the market followed BTC and Ethereum (+3.37%), Litecoin (+3.9%), XRP (2.5%) and other cryptocurrencies also recorded gains.
Author : Reynaldo