Dec 7, 2020
3 min read
Bitcoin Filling the Gap
- As the pandemic ravaged the economy and dropped GDP to levels unseen, there had to be some incentive for people to keep on spending their money, and the Federal Open Market Committee had just the tool to do so; interest rates at zero percent. This is usually the idea that is put into play when people need to be incentivized to borrow more and more to get more cash injected into the economy. This is all well and good, however, we have never seen interest rates dropped to zero in the existence of the United States. We are embarking on a new journey and the plays that the big macro investors have relied on for a…
