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Bitcoin's Rise To Record Highs In Context

Bitcoin's Rise To Record Highs In Context

After a two-year long bear market, bitcoin came roaring back in 2016, and has been climbing ever since.

The digital currency reached a new all-time high above $4,650 on Tuesday, an increase of more than 350% year-to-date. The sheer intensity of its gains has inspired some comparisons to the digital currency's initial run-up, which ended with the collapse of bitcoin exchange Mt. Gox in early 2014, marking the end of the first bitcoin bull market.

How Much Is Too Much?

How Much Is Too Much?

Authored by Michael Lebowitz via 720Global.com,

The amount of monetary stimulus increasingly imposed on the financial system creates false signals about the economy’s true growth rate, causing a vast misallocation of capital, impaired productivity and weakened economic activity.

To help quantify the amount of stimulus, please consider the graph below.

Data Courtesy: Federal Reserve

Federal Reserve (Fed) stimulus comes in two forms as shown above.

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