Central Banks’ Bond Tapering Will Dampen Bitcoin Price : Economics Professor

The era of “easy money” such as investment in bitcoin could be over as central banks start tapering off from bond buying and low-interest rates, a development that could come as bad news for crypto-currency traders and investors.

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This is according to Professor Panos Mourdoukoutas, chairman of the Economics Department at LIU Post in New York, who wrote in an opinion piece for Forbes that technology stocks and bitcoin investments are likely to deflate.

 
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