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Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets

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“On one hand, tightened monetary policy may lead to less rapid growth of bitcoin demand, as many use it to hedge inflation, and less QE in theory means less inflation,” mentioned Joe DiPasquale, CEO of the cryptocurrency hedge fund BitBull Capital. “On the opposite hand, the consequences of the biggest QE in historical past could lead to the biggest inflation in historical past, whatever the Fed trying to reduce. If this occurs, we count on demand, and costs, for bitcoin to rise to new all-time highs.“

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