Bitcoin climbs higher after the US Treasury takes actions that pump money into the system — a move critics compare to 'QE'.
Bitcoin is getting a boost — and it may be thanks to the US government's money moves.
A recent report highlights how the US Treasury (the government department in charge of the country's money and debt) is using a strategy some experts jokingly call "Not-QE." The nickname is a hint that it looks a lot like a famous policy called QE, even if officials don't call it that.
What is QE?
When more money enters the financial system, each dollar can buy a little less over time (this is called inflation). To protect their savings, some investors move money into assets they believe will hold value — and many now include Bitcoin in that group. This is why Bitcoin often rises when the government loosens its money policies.
The bigger picture:
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