Any further rate hikes from now on should be beneficial to crypto, as it pushes non-USD currencies into USD-denominated assets. If you're sitting in a country and your currency is being devalued due to high interest rates, the local price of #Bitcoin will continue to rise. (1/3)
#Bitcoin is the #1 crypto, which means it acts as a gateway into the crypto ecosystem, and I expect a lot of money to start pouring in as it exits heavily indebted and financially strained countries. The macro conditions this time are very different than in the past. (2/3)
What I'm saying is that if the Fed pushes this agenda any further, they're going to accelerate forex purchases of #Bitcoin and other cryptocurrencies with any further rate hikes, as we saw with Britain earlier this week. #Bitcoin bears are going to be slaughtered. (3/3).
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