St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices

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. дальше »