BTC to rise as Federal Reserve plans to cut rate to 0%
March 6, 2020 @ 3:35 pm EST ... CNBC just reported a "rumor" passed to a reporter, indicating the US Federal Reserve will announce another interest rate cut at the conclusion of their meeting next Wednesday, March 18. More cuts are expected in Q2 or Q3. A person "in the know" reportedly indicated the US interest rate will go down to 0% (that's the overnight lending rate amongst banks and the US central bank).
This applies downward pressure on the USD, and upward lift to assets priced in USD, including BTC. Load 'em up, folks.
This applies downward pressure on the USD, and upward lift to assets priced in USD, including BTC. Load 'em up, folks.
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