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27 February 2021

Speechwriter for Former US President George Bush Says BTC Rally Driven by 'Historically Low Interest Rates' – Economics Bitcoin News

Speechwriter for Former US President George Bush Says BTC Rally Driven by 'Historically Low Interest Rates' – Economics Bitcoin News


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Bush and a bitcoin critic, David Frum has claimed that the low-interest rates are fueling the crypto asset’s rally.

Frum suggests that the crypto asset might experience a “fast and deep price crash” if and when interest rates start to rise.

In comments made via Twitter, Frum, who regurgitates the BTC mining inefficiency claims, also attacks the crypto asset’s store of the value proposition.

In the meantime, Frum’s remarks about bitcoin have sparked a debate on Twitter concerning the crypto asset’s true value proposition.

Do you agree with Frum’s assertion that BTC value will crash once interest rates start to rise

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