The market looks bullish despite the Fed Chair’s unchanged rhetor
At yesterday’s speech, US Federal Reserve Chair Jerome Powell confirmed that inflation is slowing down, though he expects more interest rate hikes ahead.
Everyone expected the grandpa to stay the course on raising interest rates on the back of a strong labor market. But Bitcoin's price surge above $23,000 has come as a surprise.
Money is getting more expensive, that's the problem. But the worst thing is that we still assess Bitcoin value in fiat, which only depreciates.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
