The Fed has restarted printing money
The US government is spending so much to fund the war in Ukraine and Israel, which means they need more money. And the only way to meet up these financial obligations is to print more money.
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More money and inflation are what the price may need now to rise strongly.
Will this have an impact on Bitcoin?
Will this have an impact on Bitcoin?
Printing more dollars increases the money in circulation which means people will have more money to spend. This will in turn Increase the rate of investment. Bitcoin is a popular investment option so people will definitely buy the coin. This will increase the demand for the coin which will ultimately lead to an increase in price. But the long-run effect of printing money which is inflation might reduce the purchasing power of the people thereby discouraging investments and encouraging selling off of Bitcoin.
