St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices
news.bitcoin.com
by Samuel Haig
January 15th, 2019
Excerpt:
The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time.
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Read entire article: news.bitcoin.com/st-louis-federal-reserve-predicts-flood-of-altcoins-will-drive-down-btc-prices/
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