Stimulus Drives Bitcoin?? We Had it All WRONG! (Ep 211)
Coin Bureau
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The Fed Stimi Study on Bitcoin Price Pumps
The fed looked at three countries for which there was exchange and stimulus data during the united states own funny money making period. They found that the number of b t c buy orders for foreign fiat denominated stimula amount spiked in japan and south carea, but not in singapore. The main takeaways are that only zero, point zero, two % of all stimi checks were spent on bit coin. And this means that policy makers should not be concerned about money being diverted to crypto currency markets when considering similar economic relief programmes next time.
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