Do low rates lead to higher stock prices? The logic goes: low rates give us higher present values and thus lead to higher equity values. Is this argument valid?
While bank reserves have nothing to do with crypto’s meteoric rise, QE actually has played some role in it. Except, it just isn’t what everyone thinks it is.
QE is a popular reason cited for the rise in cryptocurrencies, linking the rise in bank reserves with high crypto prices. How true is the QE-Crypto narrative?