The Bank of England's latest monetary stimulus totals 13.27 million BTC

The Bank of England, the UK's central bank, has announced an additional £100 billion injection into the UK economy to combat the "unprecedented" downturn caused by the coronavirus pandemic.

It is reported that the Bank of England's Monetary Policy Committee (MPC) voted 8 to 1 to expand the bond purchase program. This additional monetary stimulus measure is usually referred to as quantitative easing (QE) in the industry, and also brought the total size of the Bank of England's asset purchase program to 745 billion pounds. In this regard, the Twitter account @Bitcoin commented: "The Bank of England is equivalent to issuing 13,275,000 BTC."

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Cryptocurrency

The Bank of England's latest monetary stimulus totals 13.27 million BTC

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