Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’

Cointelegraph

Published Jul 01, 2020 09:30AM ET

Updated Jul 01, 2020 04:00PM ET

Bitcoin (BTC) supporters are watching as almost every central bank in the world lowers interest rates and the global fiat money supply skyrockets.

Statistics compiled by Charlie Bilello, CEO of wealth manager Compound Capital Advisors, show that in 2020, 84 of the world’s 118 central banks have cut interest rates.

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