The U.S. central bank will continue buying Treasury and mortgage bonds to support the economy.
The Consumer Price Index is important to bitcoin investors who are watching for signs of inflation.
The cryptocurrency is up from a low price of about $31,000.
Inflation could send the global economy into recession as central banks lose control, according to Deutsche Bank.
“I think policy is rather overdoing it,” the former U.S. Treasury secretary said at Consensus 2021.
Mounting debts and inflation fears could leave central banks hamstrung in the years ahead, leading to the debasement of fiat currencies.
CEO Michael Saylor continues policy of buying the crypto asset at set intervals.
Elon Musk's tweets aside, bitcoin remains vulnerable to rising odds of a Fed Reserve rate hike.
Nearly all major components of the CPI increased in April, a sign that pent-up demand is fueling a rebound in economic mobility.
One of the greatest forex traders in history believes a cryptocurrency is the “most likely” global reserve currency to replace the dollar.
The Federal Reserve kept monetary policy unchanged and sees inflation as temporary, which is closely watched by bitcoin investors.
U.S. CEOs are now regularly discussing inflation during quarterly earnings conference calls. Bitcoiners saw this coming.
Fed Chair Jerome Powell's challenge is to convince traders he's got the resolve to respond to runaway inflation, without actually doing anything.
Inflation remains a key focus, according to a survey of global investors, although risk of a "Fed taper" appears low.
Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.