The US Federal Reserve has continued its streak of quantitative easing, by pouring in funds to uphold the confidence that liquidity won’t dry out. The latest sum, $104 billion, is almost close to Bitcoin’s loss-adjusted market valuation. Tuur Demeester, founding partner at Adamant Capital, and Bitcoin proponent commented on the Fed’s latest liquidity injection. $104B in QE just today… that's 87% of Bitcoin's loss adjusted market cap. https://t.co/46Tlzdyv1A — Tuur Demeester (@TuurDemeester) October 18, 2019Read MoreThe post Bitcoin’s ‘Loss-Adjusted Market Cap’ is 87 Percent of $104 Billion appeared first on Bitcoinist.com.
