CoinGape
2020-06-16 11:50:46

US FED To Purchase Corporate Bonds At 3.5X That Of Bitcoin Market Cap

The U.S. Federal Reserve (FED) is getting more aggressive in its interventionist measures. CNBC, on June 15, 2020, reported that the central bank will foray into corporate credit as the program buys $750 billion worth of debt from stressed BBB- or /Baa3-rated companies at any other time. This is almost 3.5X of Bitcoin’s market cap, adding functions

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