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The Bitcoin and altcoin news lately are showing a lot of changes. It appears that all eyes have been on the world’s central banks over the past year. While the analysts claim that whatever the world’s leading monetary authorities decide to do with the economy, a French bank predicts that ECB will activate the technique known as “quantitative easing” today.

Potentially, the fate of the current fiat economic hegemony will be changed. This comes from a prominent French Bank named Societe Generale – which is currently in the latest cryptocurrency news for its prediction of a new capital injection into the economy.

If this plays out, the Bitcoin price could benefit a lot. The French Bank predicts that since the Great Recession, central banks have enlisted what is known as “quantitative easing” which is a modern monetary policy that sees central banks purchasing securities and assets off the open market. The bonds sometimes include precious metals or stocks.

For those of you who don’t know, quantitative easing is known as open market operations. This has catalyzed a major boom in the stock market over the past couple of years. The technique is nearly unmatched in modern society but has come at a cost of growing wealth disparities and the mass printing of fiat money.

Still, the recent report from Bloomberg shows that the French Bank predicts that quantitative easing may get more dramatic more here. Societe Generale believes that this may be bullish for Bitcoin and help the price of BTC surge to new heights. The report was featured on many best cryptocurrency news sites.

Societe Generale Predicts ECB Will Launch Open-Ended QE Next Month https://t.co/ltewwns7Z7

— Jan Nieuwenhuijs (@JanGold_) August 29, 2019

The bank and economist from the bank named Anatoli Annenkov said that ECB will soon launch an “open-ended” easing program which may lift the Euro Zone’s out of a recessionary trend. Annenkov noted that after the ECB meeting on September 12th, it will announce 40 billion euros worth of monthly asset purchases – all while cutting its deposit rate by 20 bps.

This may be seen as a price boon for hard assets such as gold and Bitcoin. Secondly, the asset purchases should inject more liquidity into the economy which may push investors to risk assets and hedges, the French bank predicts.