Bitcoin may ultimately benefit from the US Federal Reserve's actions, says Tyler Winklevoss.
US government spending may lead to upward Bitcoin (BTC) prices, according to Gemini crypto exchange co-founder and CEO, Tyler Winklevoss.
"The Fed continues to set the stage for bitcoin's next bull run," Winklevoss said in a July 22 tweet, which included an article link on the government agency's discussions of further stimulus spending.
Bitcoin holds against inflation
As a decentralized borderless digital asset away from government control, Bitcoin holds as a potential hedge to mainstream markets and national dollars — a point often stressed by a number of crypto industry participants.
Bitcoin holds a 21 million coin maximum supply, protecting the asset against value dilution.