The raising of interest rates VS BTC price action
Hey everyone,
Hope everyone is keeping well and in good health.
We've seen our crypto portfolios shrink in monetary (FIAT) value. This sucks, but please refrain yourself from making emotional choices here at all times.
Above illustration incorporates the recent FED rate hikes between 2015 and 2019 and what the price-action of Bitcoin was in that time period.
I know the bears are trying to spread a lot of fear around J. Powell's plans. but always do your own research.
Historically speaking, the FED raising interest does not have a negative effect on BTC.
Last time the rates hikes began, BTC did over 40x (from around $450 to the 2018 top of nearly 20K)
Everyone take care and keep healthy.
Thank you for taking the time and until the next time!
Hope everyone is keeping well and in good health.
We've seen our crypto portfolios shrink in monetary (FIAT) value. This sucks, but please refrain yourself from making emotional choices here at all times.
Above illustration incorporates the recent FED rate hikes between 2015 and 2019 and what the price-action of Bitcoin was in that time period.
I know the bears are trying to spread a lot of fear around J. Powell's plans. but always do your own research.
Historically speaking, the FED raising interest does not have a negative effect on BTC.
Last time the rates hikes began, BTC did over 40x (from around $450 to the 2018 top of nearly 20K)
Everyone take care and keep healthy.
Thank you for taking the time and until the next time!
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