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Bitcoin investors are bullish on the US Fed’s $100B loss

Summary by Ground News
The U.S. Federal Reserve made a significant announcement on Sept. 14, revealing accumulated losses of $100 billion in 2023. The interest payments on the Fed's debt have surpassed the earnings generated from its holdings and the services it provides to the financial sector. Investors are now scrambling to grasp how this will impact interest rates and the demand for provably scarce assets like Bitcoin.
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1 Articles

CointelegraphCointelegraph

Bitcoin investors are bullish on the US Fed’s $100B loss

The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies.

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Cointelegraph broke the news in on Monday, September 18, 2023.
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