22nd OCTOBER 2019 FED PRINTING BITCOIN MARKETCAP EQUIVALENT When Bitcoin was sitting around $7.9K USD earlier this week, its market cap was sitting close to $140 billion. As reported by Bitcoinist, in just two days last week, the US Federal Reserve “…has continued its streak of quantitative easing, by pouring in funds to uphold the confidence that liquidity won’t dry out. The latest sum, $104 billion, is almost close to Bitcoin’s loss-adjusted market valuation.” To fully understand the...
Continue Reading