Fed’s Repo Crisis Bullish for Bitcoin, Hints VanEck Executive

Bitcoin is going to benefit from the ongoing repo crisis in the US banking system, hinted Gabor Gurbacs of VanEck, a New York-based investment management firm.
The Digital Asset Strategist, who oversaw the drafting and filing of VanEck’s Bitcoin ETF application to Securities and Exchange Commission (SEC), on Thursday indicated that Fed’s plans to inject more money into the lending market could generate more demand for Bitcoin.
Exemplifying with a ZeroHedge report, Gurbacks noted how