Bitcoin Jumps 12% as Fed Keeps Money Flowing and US Economy Shrinks
"It's clear that the effects on the economy are severe," said Federal Reserve Chair Jerome Powell. "We won't run out of money. It's an unlimited pot."
Even as Fed Chair Jerome Powell says negative interest rates are not on the cards, the remaining possibility might be rekindling traders' spirits – or at least refocusing attention on bitcoin as a hedge against inflation.
Bitcoin is hovering close to $9,000 amid rising speculation the U.S. could ultimately adopt negative interest rates.
Despite the specter of inflation from money printing, the dollar has gained strength. Here’s why that’s a problem - for everyone.
Some Americans are still waiting for stimulus support. Would a digital dollar have helped disburse funds? Here's a breakdown of the debate.
Arming the Federal Reserve with a digital dollar would harm the free market, says Max Raskin, an NYU adjunct professor of law.