The US Federal Reserve (Fed) strategy is for short-term interest rates between 0% and 0.25%. as decided by the heads of the Federal Reserve at a meeting on September 15-16.
The independent agency plans to keep interest rates low to increase inflation. after a report 16th September CNBC. Such messages illuminate Bitcoin as a store of value. The blockchain-based currency is largely immune to these actions It is protected from inflation thanks to the steady supply of 21 million coins.
The majority of the Fed committee members expect interest rates to stay near 0% for the next three years, CNBC said. The governing body said its target is inflation above 2%.
These measures could cause the dollar to devalue due to attempts by the central bank to keep the country’s economic boat afloat. rocked by the waves of the COVID-19 pandemic.
In recent years Bitcoin has cemented its position as a store of value, theoretically removed from traditional market prices and state control. Giants of conventional finance, like MicroStrategy and Paul Tudor Jones recently added credibility to the coin by joining their ecosystem. although the technology There has not yet been mass adoption by the general public.