In a live YouTube broadcast that drew over 3,000 spectators, Pakistani bitcoin specialist Waqar Zaka astounded his audience by turning a $5,000 investment into an astounding $15,000.
The incident happened during a meeting of the Federal Open Market Committee (FOMC), where important choices about U.S. economic policy were made.
Zaka’s audience was able to observe his well-thought-out actions as his live trading took place in real time.
The FOMC decided to lower its benchmark overnight borrowing rate by 50 basis points at the same time, marking the first rate reduction since the early stages of the Covid-19 outbreak.
This action was taken in reaction to indicators of a weakening labor market and decreasing inflation.
The Federal Reserve said in a statement, “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent.”
