30 Dec '16, 11am

Bitcoin's Inverse Relationship to the US Dollar Is Breaking Down: Despite the dollar's

Bitcoin's Inverse Relationship to the US Dollar Is Breaking Down: Despite the dollar's

Despite the dollar’s 2016 gains and year-end rate hike, Bitcoin still outpaced the global reserve currency in 2016 in price terms. Bitcoin’s “inverse relationship to the Dollar” seemingly no longer persists. Also Read: Here Are Bitcoin’s 8 Fastest Growing Markets The Only Fed Rate Bitcoin Has Ever Known Record low interest rates between December 2008 and December 2016 created unprecedented economic conditions globally – in fact, the only economic conditions the cryptocurrency Bitcoin, which was released January 2009, had ever known. “Since its inception,” itBit writes in an August 2015 report when the federal funds rate remained at a record low 0.25%, “Bitcoin has existed in a zero interest rate environment. This may soon change as the Federal Reserve appears close to raising interest rates…” When the Federal Reserve finally increased its benchmark interest rates December ...

Full article: https://news.bitcoin.com/bitcoins-inverse-relationship-to...

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