Bitcoin shoots up after tesla announces it invested $1.5 Billion into the digital currency.
BTC is up over 1,000% since March of last year after the FED Slashed interest rates to 0.25% from 1.75%. Bitcoin shot up as interest paid on Government bonds no longer protect investors from inflation.
With the U.S President Biden pushing for fiscal spending to pump an additional $1.9Trillion dollars into the U.S economy in 2021, inflation risks wilo continue to rise and Bitcoin is expected to rally higher throughout the year.
BTC is up over 1,000% since March of last year after the FED Slashed interest rates to 0.25% from 1.75%. Bitcoin shot up as interest paid on Government bonds no longer protect investors from inflation.
With the U.S President Biden pushing for fiscal spending to pump an additional $1.9Trillion dollars into the U.S economy in 2021, inflation risks wilo continue to rise and Bitcoin is expected to rally higher throughout the year.
Kayan Kalipha