‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change – Bitcoin News
Jamie Redman
17 Mar 2023 8:30 PM
A number of speculators suspect that the run-up in prices is because the U.S. central bank will now relax its monetary tightening policy....
- Bitcoin price surged past $27,000 to a high of $27,025 per unit.
- Precious metals like gold and silver also rose between 1.98% and 2.12% against the U.S. dollar over the past day.
- Speculators suspect the U.S. central bank will relax its monetary tightening policy, leading to the rebound of PMs and cryptocurrencies.
- The Fed's recent actions have added to speculation that the money printer has been turned back on.
- Phoenix Capital Research analyst Summers insists that the "next round of bailouts/easing/reflating the financial system is here" and "this won't end well."
The article has a negative sentiment as it suggests that the Fed's monetary policy changes may lead to negative consequences in the future.
Related Questions
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