In the middle of a year it was anything but normal The US Federal Reserve (Fed) has amassed an impressive number of diverse financial assets.
“The Federal Reserve now owns a total of 22,913 different securities, according to Bloomberg.” said the financial blog’s Twitter account Zero hedge on August 30, adding: “It’s the largest investor in the world.”
In response to the surge in COVID-19 infections, the U.S. government closed stores and urged citizens to stay home to help slow the spread of the virus. However, these measures had a negative impact on the economy which led to subsequent attempts by the government to correct it, including massive pressures of money.
The United States Central Bank began buying corporate bonds as another corrective measure. In essence, the Federal Reserve borrowed money from companies in exchange for these bonds. In June the agency announced its corporate bond purchases According to a Marketplace report, to help businesses stay afloat.
Given the various efforts made by the government, Several authorities in the crypto space have forecast big gains for Bitcoin. including Gemini co-founder Tyler Winklevoss who stated that money pressures could have a bullish effect on the asset.