A recent E-Crypto News article titled “Experts Talk About US Fed’s QE Policy and Cryptocurrency?” by Christopher Hamman discusses the United States Federal Reserve Quantitative easing (US Fed’s QE ) and its commitment to continue buying debt until the COVID-19 situation ends. E-Crypto News reached out to various experts in the field, providing their comments in regard to the potential impacts to cryptocurrency prices as a result of the actions of the U.S. Fed. “When comparing one asset (such as the U.S. Dollar) to another asset (such as Bitcoin), we can see drastic valuation changes after a major event takes place. This can be seen easily with gas prices when something affects the current or near-term future supply of oil. I believe QE infinity will take some time to affect cryptocurrency prices, but the impact has to be powerful over the long term because of the magnitude of the QE program,” InvestorBrandNetwork (“IBN”) and CryptoCurrencyWire “CCW”) Director of Communications Jonathan Keim states in the article. “Another thing to keep in mind is that there are also other major governments ‘printing’ large amounts of fiat to combat the effects of COVID-19, and cryptocurrency competes against all of them at the same time. Once people around the world start seeing the effects of inflation and they begin to understand this alternative in the context of their daily lives, we will see prices for cryptocurrency rapidly increase.”
To view the full article, visit http://ccw.fm/5vMuB
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