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Morgan Creek Digital Assets co-founder and prominent Bitcoin bull, Anthony Pompliano has remarked that the European Central Bank’s (ECB) policy on cutting rates and printing money will be ‘Rocketfuel’ for the price of Bitcoin.
Due to a severe economic downturn in Europe, the ECB intends to deliver another round of monetary stimulus, but this dovish approach is indicative of struggles from the financial system.
For Pompliano it also indicates that Bitcoin may be able to profit from the system’s poor performance,especially in the run up to its halvening which is now less than a year away.
Commenting on the ECB’s proposed monetary policies, Pompliano tweeted:
“ROCKET FUEL: They’re going to cut rates and print money right as we march towards the Bitcoin halving. Buckle up. This will be wild
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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
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