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22 September 2020

Fed, oil and record hash rate: 5 things to know in Bitcoin this week

Fed, oil and record hash rate: 5 things to know in Bitcoin this week

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The startling admission is yet another surprise to come out of the global economy, at the same time as central banks admit that unconventional monetary policy has become the norm in 2020. .

“Maintaining a policy status quo in this context would be akin to throwing in a towel, which would undermine the credibility of the new framework right out of the gate,” Aneta Markowska, chief financial economist at Jefferies told MarketWatch on Monday.

In terms of central bank policy specifically, this year is seeing a seismic change similar to oil demand. .

With Bitcoin as an antidote to central bank meddling with the money supply, any further devaluation in fiat is only to be welcomed by BTC proponents looking for a safety net.

“Global central bankers are discovering that monetary policies they once viewed as unconventional and temporary are now proving to be conventional and long-lasting,” Bloomberg summarized about the situation worldwide.

As RT host Max Keiser often comments on his show, The Keiser Report, nothing is as permanent as temporary fiscal policy from a central bank.

Difficulty, perhaps the most essential measure of blockchain health, is set for a 5.4% increase this week — something which will send it, too, to record highs

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