“The initial positive market reaction [to Fed’s impending rate cuts] is justified because investors believe that if money is cheaper, assets priced in fiat dollars of fixed supply should rise,”Arthur Hayes, a co-founder and former CEO of crypto exchange BitMEX and the chief investment officer at Maelstrom, wrote in a recent blog post. “I agree; however … we are forgetting that these future anticipated rate cuts by the Fed, BOE, and ECB reduce the interest rate differential between these currencies and the yen.”
Related posts
-
Bitfarms sells 60% of August Bitcoin production ami rising network difficulty
Bitfarms sold over 60% of August Bitcoin production amid rising network difficulty. Canadian Bitcoin (BTC) miner... -
Academic Paper Demonstrates Bitcoin Mining’s Potential to Mitigate Methane Emissions
Researchers Murray A. Rudd, Matthew Jones, Daniel Sechrest, Daniel Batten, and Dennis Porter have unveiled a... -
Bitcoin Price (BTC) Rose 1.3% While Ether Price (ETH) Fell 0.4%
Please note that our privacy policy, terms of use, cookies, and do not sell my personal...