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Bitcoin Surges Back Above $10,000 As Fed Rate-Cut Looms

Courtesy of ZeroHedge. View original post here.

A weaker dollar (perhaps) and even more negative-yielding global debt are perhaps the two catalysts for the latest rebound in cryptos as Bitcoin bounces back above $10,000 after the weekend's plunge.

With Bitcoin cash leading the rebound and Ethereum retracing its losses for the week…

And as The Fed kicks off the global rate-cut bonanza, so we suspect Bitcoin will re-engage with the global volume of negative-yielding debt…

As Bitcoin offers, like gold, a hedge against the idiocy of policymakers.


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