Mati Greenspan, a senior analyst at eToro has recently predicted an inbound surge in bitcoin price owing to the much anticipated FED cut expected to take place within the next few hours.
According to Greenspan, the forthcoming FED cut comes as a result of pressure received from the United States President and the necessity of lowering interest rates in order to regulate the economy.
Greenspan’s analysis showing the correlation between Bitcoin price and recent FED cuts indicated that whenever a FED cut is implemented, there is a corresponding exponential increase in the price of Bitcoin.
According to Greenspan, the correlation is quite simple and straightforward. A cut in interest rates ultimately encourages big business owners to borrow funds used to invest in businesses which in turn affects the larger population, increasing the rate of flow and availability of money.
Much availability of money within the larger population allows more money to be diverted to other smaller-scale inve
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