The Federal Reserve makes an emergency rate cut in response to the COVID-19 pandemic, eventually slashing rates to near zero and launching unlimited quantitative easing. Bitcoin initially crashes alongside all risk assets on Black Thursday (March 12), but the unprecedented money printing becomes the most powerful narrative fuel in Bitcoin's history. Within months, BTC begins a historic rally from $5,000 to $69,000 as "money printer go brrr" becomes the meme that orange-pills a generation of institutional investors.
Federal Reserve Press Release