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The U.S. Federal Reserve is again expanding its balance sheet and prominent experts believe that could bode well for bitcoin in the long run.
The U.S. central bank's balance sheet includes a large number of distinct assets and liabilities. When interest rates begin to rise, the Fed pumps more money into the system by buying treasuries. The banks, therefore, have more cash available to lend and lower interest rates.
In October, the Fed's assets grew by over $162 billion to register the biggest monthly rise since 2008.
Popular analyst @Rhythmtrader hinted this was a sign of impending turmoil, the kind bitcoin is supposed to be a haven from, in a Nov. 7 tweet.
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