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BTC and Quantitative Easing: What’s the Correlation to Crypto?

Published 09/26/2019, 12:28 PM
Updated 09/26/2019, 12:41 PM
© Reuters.  BTC and Quantitative Easing: What’s the Correlation to Crypto?
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In 2018, the executive on the board for the European Central Bank (ECB) declared Bitcoin, “the evil spawn of the financial crisis” — referring, of course, to the economic disaster 10 years prior. Interestingly, also born from the ashes of the mortgage crisis was the United States government’s adoption and unabated use of quantitative easing (QE).

However, according to some, there’s more of a connection between Bitcoin (BTC) and the government’s use of QE than just their origins. A recent tweet from BitMEX CEO Arthur Hayes highlighted this supposed correlation:

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