Bitcoin’s Response to U.S. Monetary Policy Easing Announcements
This paper aims to evaluate the effect of the U.S. monetary policy on the bitcoin price. In particular, how monetary policy easing affects the bitcoin returns. One of the main tenets of bitcoin is that it is a hedge against inflation caused by a large increase in the money supply. Inspired by that idea, this study intends to analyze bitcoin’s instant response to the Federal Reserve’s monetary poli
