Bitcoin Takes Quantitative Easing in Stride
Bitcoin offers the world a practical way to settle transactions at anytime. It is a realistic option, understanding the demand for people to avoid the Know Your Customer policies of financial institutions, allowing them to keep wealth in a private manner amid a degrading mainstream economy and states growing increasingly burdensome on the citizenry.
Today, Bitcoin got an interesting test amid QE talk, and it responded soberly. Whereas the stock market rose as if more liquidity guaranteed an ongoing party in the stock market, and gold and silver also were lively amid a decling USD index, Bitcoin remained steady, trading today around $12.
The whole world was excited over the prospects of more quantitative easing like crackheads selling their home so they can throw a $500,000 crack party:
But, Bitcoin remained sober in front of the news. After having climbed from $5 to $14 over the matter of four months, Bitcoin fell back down to a healthy $10 per Bitcoin. It began its climb back north, and now currently rests just under $12.