For both those involved in Bitcoin and traditional markets, all eyes have been on the world’s central banks over the past year. Many analysts claim that whatever the world’s leading monetary authorities decide to do with the economy will dictate the direction for global markets, and, potentially, the fate of the current fiat economic hegemony.<\/p>\n
A prominent French bank, Societe Generale, is currently expecting for the European Union’s monetary body, the European Central Bank, to begin more capital injection into the economy. Should this play out, the Bitcoin price could benefit. A lot.<\/p>\n
Since the Great Recession (and the birth of Bitcoin), central banks have enlisted what is known as “quantitative easing”. This modern monetary policy sees central banks purchase securities and assets off the open market. Often, it’s bonds (debt); sometimes, it’s precious metals or stocks.<\/p>\n
Quantitative easing \u2014 also known as open market operations \u2014 has catalyzed a massive boom in the stock market, one that is nearly unmatched in modern society. However, it has come at a cost: growing wealth disparities and the mass printing of fiat money.<\/p>\n
But according to a recent report from Bloomberg<\/a>, which cited a prediction from France’s Societe Generale, quantitative easing may get more dramatic more here. And this may be bullish for Bitcoin.<\/p>\n Societe Generale Predicts ECB Will Launch Open-Ended QE Next Month https:\/\/t.co\/ltewwns7Z7<\/a><\/p>\n — Jan Nieuwenhuijs (@JanGold_) August 29, 2019<\/a><\/p><\/blockquote>\n\n