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Bitcoin Targets $20K against Fed and ECB’s Savage QE Policies

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Bitcoin Targets $20K against Fed and ECB’s Savage QE Policies

Bitcoin bulls eye a $20,000 yearly close against the Federal Reserve and the European Central Bank’s expansionary policies.Dan Morehead, the CEO of Pantera Capital, noted that the bitcoin market is already outperforming other assets since the Fed launched an unlimited bond-buying program in March 2020.With ECB following a similar quantitative easing policy, it could prove further bullish for the benchmark cryptocurrency.As Bloomberg predicts Bitcoin to hit $20,000 in 2020, the catalysts that could make it happen are already maturing.The European Central Bank (ECB) on Thursday announced that it would boost its bond-buying stimulus program until June 2021. President Christine Lagarde said during a press brief that the ECB would buy another €600 billion of bonds to aid the European economy.

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Author: Yashu Gola

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