Stimulus Drives Bitcoin?? We Had it All WRONG! (Ep 211)
Coin Bureau
00:00
The Fed Stimi Study Uncovers Retail Trading in Bitcoin the Impact of Code 19 Stimulation
The federal reserve bank of cleveland recently released a study on the impact of code 19 stimulus checks. This means that every American was eligible to receive 12 hundred dollars as part of the cares act, which went into effect last spring. The paper details how they used data from caco about b t c by orders on 26 crypto currency exchanges between january first and june fifth, 20 20. Now obviously there are a lot of confounding variables here, and the fed actually did a pretty good job of accounting for most of them.
Transcript
Play full episode
