Discussing Bitcoin And The Interest Rate Fallacy
Discussing the Federal Reserve's likely tapering into a down market, Bitcoin's perpetual futures funding rate and more.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastAudibleIn this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian Keroles and I sat down with Dylan LeClair of Bitcoin Magazine’s Deep Dive once again. LeClair is one of the most familiar people with the niche between market technicals and bitcoin fundamentals. It was great to pick his brain over the current Federal Reserve taper and environment in which it is cutting rates. I....
Related News
Today’s low interest rate climate is one that further reduces the opportunity cost of holding base, fiat money — a fallacy fixed by Bitcoin.
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just days after the naira’s parallel exchange rate against the dollar plunged to a new low. Narrowing the Negative Real Interest Rate Gap According to the Central Bank of Nigeria (CBN), members of the bank’s monetary policy committee (MPC) have....
Before discussing anything further about Bitcoin China or the future, let's ask - what does it take to make Bitcoins? The answer is either mining or exchanging the fiat currency for the digital currency. In both cases China seems to be having a greater advantage as compared to other economies in multiple dimensions. The greatest fallacy when talking about China is to consider it as a government and a country. In this post, every caution has been exercised to see China as a geographic boundary that houses the People and not as a hierarchy that a nation is. Bitcoin China - Made for Each....
The much-anticipated Fed rate hike is now out and, as expected, dealt a heavy blow to the broader crypto market on Wednesday. The U.S. Federal Reserve increased its policy interest rate by three-quarters of a percentage point, extending it to a range of 3 to 3.25 percent. This number represents a huge increase from March, when […]
Bitcoin has rallied roughly 7% in June on the back of strong momentum buying and continues to target higher valuations. The cryptocurrency has registered the breakout that we all have been waiting for, and that may cause immense trouble to the short-sellers. However, one interesting observation is that Bitcoin humbled the extreme selling pressure on the eve of US Fed's meeting which is expected to dole out important clues regarding the timing of the much-anticipated interest rate hike. Why Does Interest Rate Concern Bitcoin? Interest rates concern all aspects of the economy, including the....