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Bitcoin to Remain Resilient to Fed’s Impending Taper: Analysts — CoinDesk

Bitcoin to Remain Resilient to Fed’s Impending Taper: Analysts — CoinDesk

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Since March 2020, the Fed has been shopping for property value $120 billion a month by way of a monetary-stimulus program generally known as quantitative easing, or QE. The program, launched to comprise the financial fallout from the coronavirus pandemic, triggered unprecedented asset value inflation. Bitcoin, for one, charted a 10-fold rally to $64,801 within the 12 months to April 2021.

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