Fed expects near 0% interest rates for years, potentially boosting BTC's value proposition
Cointelegraph
Published Sep 16, 2020 04:40PM ET
Updated Sep 16, 2020 07:40PM ET
The U.S. Federal Reserve's game plan going forward includes short-term interest levels between 0% and 0.25%, as decided by Fed brass in a Sept. 15 and 16 gathering.
The independent body plans to maintain low interest rates in order to increase inflation, based on a Sept. 16 report from CNBC. Such news shines a light on Bitcoin as a store of value. The blockchain-based currency is largely immune to such actions, as it is protected against inflation by its permanent cap of 21 million coins.
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Written By: Cointelegraph
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