Bitcoin bull run is expected to continue on the news that Fed chair Jerome Powell said in the annual Jackson Hole Economic Policy Symposium. In the meeting of central banks and and finance ministers they discuss the yearly outlook on the US dollar and the economy and it was concluded that the US dollar will continue to decline. Meaning that Crypto Currencies will be a safer store of value as people move more money into cryptocurrency and gold.
Reference Articles:
BITCOIN HITS 12K
https://cointelegraph.com/news/bitcoin-price-hits-12k-again3-reasons-traders-are-mid-term-bullish
Jerome Powell throws the US Dollar under the bus
https://cointelegraph.com/news/jerome-powell-throws-us-dollar-under-a-bus-in-jackson-hole
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