Re: The Fed Cuts Interest Rates as the Virus Spreads

Quote from: allthingsbtc on March 04, 2020, 03:09:03 PM

The Fed Cuts Interest Rates as the Virus Spreads https://bravenewcoin.com/insights/will-an-interest-rate-cut-push-investors-into-bitcoin

How the effects of the global coronavirus epidemic will play out in the crypto markets remains to be seen but as digital gold and as an alternative currency, bitcoin looks well-positioned to withstand the potential storm ahead.

As quoted above -BUT! Despite the instances of pullback, is the downside move primarily fueled by Coronavirus fears?

The fear of coronavirus is bigger than coronavirus itself.
How many Americans are confirmed with coronavirus?AFAIK,there are 230 confirmed cases.Is this a lot?No.
How can lower interest rates help for fighting COVID-19 or lowering the panic across the financial markets?
How can Fed help with this?I have no idea....
This makes me wonder about all the conspiracy theories that COVID-19 is created by someone in order to spread some panic and manipulate the world economy and financial markets.This hypothesis will never be proved with any evidence.