St. Louis Federal Reserve Report: Increased Supply of Altcoins Will Decrease BTC’s Value
Cointelegraph
Published Jan 12, 2019 07:02AM ET
Updated Jan 12, 2019 07:41AM ET
St. Louis Federal Reserve Report: Increased Supply of Altcoins Will Decrease BTC’s Value
The creation of competing altcoins is likely to place downward pressure on the prices of all cryptocurrencies, including Bitcoin (BTC). This conclusion was found by research conducted by the Federal Reserve Bank of St. Louis and published on Jan. 11.
The report cites two perspectives: Bitcoin bulls’ belief that the capped supply and increased demand will increase BTC’s price, and the bears’ belief that its price will fall to zero. The researchers state:
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Written By: Cointelegraph
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