Deutsche Bank: Aggressive Policy of Central Banks Led to Bitcoin Growth

Top manager of the largest bank of Germany Deutsche Bank Jim Reid has told that reduction of refinancing rate by US Central Bank is one of reasons of Bitcoin rate growth.

Aggressive Policy of Central Banks Led to Bitcoin Growth - invest with bitcoin doubler 2x
Aggressive Policy of Central Banks Led to Bitcoin Growth – invest with bitcoindoubler2x.com

“If central banks are so aggressive, alternative currencies will become more attractive”, – the head of global fundamental credit strategy of Deutsche Bank claimed in the interview with CNBC channel.

This statement was made as a comment to recent words of US Federal Reserve chairman Jerome Powell that Central Bank of the USA can lower refinancing rate due to global economic instability. Powell`s statement resulted the decrease of US dollar towards other currencies.

Reid repeated his words that current policy of central banks of different countries, constant money issue can cause the collapse of the whole traditional finance system.

In addition, according to Reid, recent jump of BTC rate is also caused by the announcement of Facebook network its cryptocurrency project Libra.

Bitcoin doubler 2x notes, about possible reduction of the refinancing rate also claimed the president of European Central Bank Mario Draghi.

“And after halving the miners reward for Bitcoin mining, you will have a hurricane! Lower rates, print money, make Bitcoin more attractive!” – after this wrote on his Twitter account famous bitcoin enthusiast Anthony Pompliano.

Earlier the president of Germany Cantral Bank stated that released by central banks cryptocurrencies can destabilize financial system and worsen work of banks.

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