Post
Topic
Board Speculation
Re: QE3 ended, good or bad news for BTC price?
by
scarsbergholden
on 30/10/2014, 07:24:54 UTC
I'm not U.S. citizen. But apparently what Uncle Sam does has global influence.
So... Read in the newspaper, U.S. QE3 ended. Is this a good or bad news for BTC price?
I would say that it will have a negative impact on the price of bitcoin. QE caused the price of most asset classes to go up greatly because of little potential return on low risk assets, this caused a lot of easy money to flow into risky assets like bitcoin.