Re: Fed and Europe and Even Australia did rate cut but btc Still low
I don't think the price of BTC has anything to do with rate cuts.
2017 pump was mostly due to the fact that most people didn't know about BTC back then, now the story is different - everyone's heard of it.
The glamour has sort of worn down a bit.
2017 pump was mostly due to the fact that most people didn't know about BTC back then, now the story is different - everyone's heard of it.
The glamour has sort of worn down a bit.
Wrong! The 2017 price pump was mostly due to the ICO boom that was happening back then. When large social media companies started to ban Crypto currencies, the price took a 80%+ price nose dive and things has not changed since then.
Interest rate cuts will only have a small impact on the price, because informal traders will look for a hedge to protect their investments. We mostly have a debt driven global economy, so people with debt will not invest in Bitcoin, when there is a rate cut.. the majority of them will make more debt and some of them will pay back a higher amount on that debt to reduce it.
