Will Bitcoin Win When the Fed Stops Buying Bonds?

Will Bitcoin Win When the Fed Stops Buying Bonds?
There are things out of the U.S. Federal Reserve’s control. The central bank has a dual congressional mandate to maintain the U.S. dollar’s long-term value and achieve maximum employment, but it’s dealing with a mix of uncertainties as it pursues those goals.Yesterday, Federal Reserve Chair Jerome Powell announced the monetary body will begin scaling back its historic asset purchasing program, one of the key levers it pulled to support and stimulate the economy during the worst of the coronavirus pandemic.This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You…