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Bitcoinist 2019-09-12 16:00:26

Bitcoin Bulls Welcome Trump’s Call for Negative Rates

US President Donald Trump on Wednesday urged the Federal Reserve to cut interest-rate down to zero or even steer in negative rates. Meanwhile, investors in the bitcoin market embraced Trump’s comments excitedly, believing they are bullish for the cryptocurrency. Yoni Assia, the founder & CEO of eToro, said a lower interest rate “should drive bitcoin prices up.” The statements borrowed its fat from a well-circulated theory that says that increased lending at banking-level pumps theRead MoreThe post Bitcoin Bulls Welcome Trump’s Call for Negative Rates appeared first on Bitcoinist.com.

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