Bitcoin Facing Threats From FED’s Rate Hikes And Recession Says Analyst From Bloomberg

Should we take the fight to the Feds with their several interest hike? The first quarter of the year bitcoin will face some head winds, which is the incessant increase in interest rate by the US federal government reserves with their primary agenda of taming inflation as Bloomberg Marco strategist said.

source

Looking at the chart, the analyst shows the correlation between bitcoin and the federal funds rate which he says the primary 1Q risk-asset options appear to be either bear-market bounce or bottoming, and a burgeoning leading indicator – Bitcoin – may be rolling over. The benchmark crypto is backing away from resistance as the top headwind remains: ‘Don’t fight the Fed.

On closing the session the strategist spoke about regulation, which he projected that it will soon be coming to the crypto space and he doesn’t see anything wrong with it as he said in a new podcast interview that It’s just classic, classic Warren Buffett – ‘The tide’s gone out, we see who’s not wearing clothes’. There’s still a lot of… There’s so much adult supervision needed in crypto. Yes. I know people complain about regulation. I get it. I’m sorry.

But people like Sam Bankman-Fried prove that young people playing video games should not be running corporations and taking your money and giving it away to their parents to buy homes and things.

That’s just the lessons we’re learning. When you put your money with a trusted producer, an exchange, you want to be able to trust that exchange… So that’s just what’s happening. Classic ‘tide’s gone out.

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