A weaker dollar (perhaps) and even more negative-yielding global debt are perhaps the two catalysts for the latest rebound in cryptos as Bitcoin bounces back above $10,000 after the weekend’s plunge.
With Bitcoin cash leading the rebound and Ethereum retracing its losses for the week…
And as The Fed kicks off the global rate-cut bonanza, so we suspect Bitcoin will re-engage with the global volume of negative-yielding debt…
As Bitcoin offers, like gold, a hedge against the idiocy of policymakers.
via ZeroHedge News https://ift.tt/2LSUHD0 Tyler Durden