Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation

Cointelegraph

Published Mar 13, 2020 05:19PM ET

Updated Mar 14, 2020 07:20PM ET

The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price.

“So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told Cointelegraph as part of an explanation of the Fed’s recent actions.

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