RATE Group | Tyler Winklevoss: the Fed Has Set the Stage for Bitcoin (BTC) to Rise
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Tyler Winklevoss: the Fed Has Set the Stage for Bitcoin (BTC) to Rise

25 Apr Tyler Winklevoss: the Fed Has Set the Stage for Bitcoin (BTC) to Rise

Posted at 20:30h in Bitcoin News by

In brief:

  • In a tweet earlier this week, Tyler Winklevoss believes that the Federal Reserve’s recent actions have set the stage for the rise of Bitcoin (BTC). 
  • Additionally, he cautioned that the COVID10 pandemic will increase surveillance by governments attempting to track the spread of the virus. 
  • He also pointed out that US Interest Rates could go into negative territory just like US Crude Oil. 

In order to cushion the US economy against the economic effects of the Coronavirus, the Federal Reserve has continued to institute monetary policies that have left many economists, analysts, and crypto enthusiasts predicting that investors will flock to Bitcoin (BTC) to avoid inflation with respect to the United States Dollar.

In a recent tweet, the Co-Founder and CEO of the Gemini exchange, Tyler Winklevoss, explained that the recent actions by the Federal Reserve bank to combat a Coronavirus induced recession have set the stage for the rise of…

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