The world’s most popular cryptocurrency bitcoin has soared above $5,400 as the US Federal Reserve signals that interest rates will likely remain flat until 2020.
“Bitcoin is on its own journey and it has a way to make people look really stupid… because they never take the time to investigate what bitcoin is all about,” says Max Keiser.
“Bitcoin’s spike on Fed’s Minutes is an interesting signal that it’s responding like gold which also spiked that day. Of course, they both [bitcoin and gold – Ed.] fell on the following day because that’s what happens all the time when you try to fight the Fed…” according to Stacy Herbert.
She explains that “gold always tries to fight the Fed, and sometimes it’s a bloody war. And now bitcoin is trying to fight the Fed…”
Source: Russia Today