Fed expects near 0% interest rates for years, potentially boosting BTC's value proposition

Fed expects near 0% interest rates for years, potentially boosting BTC's value proposition


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. 

A majority of the Fed’s committee members expect interest rates to remain close to 0% for the next  three years, CNBC said. The governing body said that they aim for inflation higher than 2%. 

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These actions could result in the dollar losing value amid the central bank’s attempts to right the country’s sinking economic ship — tossed by the waves of the ongoing pandemic.

Over the last few years, Bitcoin has solidified its position as a

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