21. TBR - How the FED Affects Bitcoin, Making Interest on Your Crypto Gains
On episode 21, William and Iman discuss the recovery Bitcoin has made in the last week indicating another bull run is apparent. It appears to be on its way to $14k again with not a lot of resistance. The Federal Reserve has cut 25 basis points (0.25%) from interest rates therefore encouraging spending; ultimately increasing the supply of the U.S. dollar. When the supply of the dollar increases the prices of everything goes up which impacts the price of Bitcoin directly. This could contribute to the price of Bitcoin exceeding $100K at its peak in this halvening cycle. What do you do with all the crypto gains you earned in this cycle? We discovered Compound where you can stake your DAI stable coin and earn up to 17% continuously compounding interest. Topics: The FED cuts interest rates for the first time in10 years and how this affects the price of Bitcoin. The future of banking with decentralized finance applications. We discuss the usefulness of that college degree. Website: www.theblockrunner.com BAT: brave.com/npl153 Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord Download our podcast on your favorite podcasting app. Please rate us on Apple iTunes! Music by OfDream - Thelema