Interest Rate Increases by the FED Could “Explode” Bitcoin
According to some news, the price of Bitcoin may burst like a “dot-com bubble” as a result of a few interest rate hikes.
With Bitcoin, there can still be a perception of “free money” in the eyes of people.. According to Forbes, interest rate hikes by central banks may put pressure on these “opportunistic” investors and cause Bitcoin to deflate.
“Investors who bought Bitcoin in the early periods became millionaires through Bitcoin,” said Panos Mourdoukas: And they can lose much more quickly than they gain.” He said.
Government money will be better for people’s eyes when “margin calls” to investors and interest rate hikes are combined.. This means that Bitcoin becomes less “attractive.”
It should be noted that Forbes published this article earlier than CME Group’s announcement about Bitcoin.
CME’ After the announcement of Bitcoin, the price of Bitcoin started to rise rapidly and set a record after the record.. Some sources interpreted this announcement from CME as an indication that Bitcoin is now officially recognized on Wall Street.
The question of when Bitcoin will drop The answer lies in the Fed’s rate hike and Bitcoin’s so-called “bubble.” >
“The good news for bitcoin investors is that the Fed hasn’t gotten involved yet. So even if there is a bubble in the middle, this bubble is in the ‘sensitive spot’ right now.. This point usually coincides with the time between the first and fourth rate hikes.”
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