RATE Group | Donald Trump will send Bitcoin to the moon
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Donald Trump will send Bitcoin to the moon

14 May Donald Trump will send Bitcoin to the moon

Posted at 03:59h in Cryptocurrency News by

  • The push for negative rates makes Bitcoin and other coins more attractive.
  • BTC/USD managed to settle above the critical barrier $9,000.

The American president Donald Trump pressured on the FED to force the regulator to lower rates deeper into the negative territory. He believes the central bank should keep up with global trends and support the economy with negative rates.

The same views aired the former head of FED in Minneapolis Narayana Kocherlakota.

Bitcoin enthusiasts criticized this approach as it means that the citizens would have to pay for saving money. They believe that this policy would speed up the cryptocurrency adoption as people will seek for alternative ways to protect their wealth.

Top-3 cryptocurrencies price updates

Bitcoin (BTC) has returned back on the recovery track. After hitting the low of $8,100 on May 10, the first digital asset got back above $9,000 to trade at $9,120 at the time of writing. A sustainable move above the thick…

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