How Will The Latest Powell Pivot Impact Bitcoin?
Discussing macroeconomic trends and their impact on bitcoin, including Jerome Powell's latest pivot, U.S. austerity and conflict in Kazakhstan.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian Keroles and I sat down with Dylan LeClair to talk about all Federal Reserve news, rate hikes, balance sheet normalization (QT), U.S. government austerity and world news. LeClair is the head of market research for Bitcoin Magazine and produces the Deep Dive, a series of daily, monthly and yearly....
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On this "Fed Watch," the hosts discussed Tether FUD, Jerome Powell's latest speech and bitcoin price action. The post Tether, Powell Testimony And Bitcoin Hegemony appeared first on Bitcoin Magazine.
On this "Fed Watch," the hosts discussed Tether FUD, Jerome Powell's latest speech and bitcoin price action.
Data suggests BTC is finally carving out a bottom, but is it time to buy? Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve. Apparently, such a move would prove that the Fed’s only available option is to print into oblivion, further diminishing the value of the dollar and enshrining Bitcoin (BTC) as the world’s future reserve asset and ultimate store of value. Apparently. Well, this week (Nov. 2) theFed raised interest rates by the expected 0.75%, and equities and crypto rallied like they usually do.But....
Billionaire investor Mike Novogratz has cautioned that Federal Reserve Chairman Jerome Powell could slow down the crypto market in his second term in office. Commenting on his renomination, Novogratz said Powell could “act more like a central banker than a guy that wants to be reappointed.”
How Jerome Powell’s Second Term as Fed Chair Could Impact Crypto
Billionaire investor Mike Novogratz, CEO of Galaxy Digital, talked about the impact the renomination of Jerome Powell as the Federal Reserve chairman for another term could have on the crypto market on CNBC....
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation. United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation.During an event titled the “Opportunities and challenges of the tokenisation of finance” hosted by the Banque de France on Sept. 27, Jerome Powell said there were “very significant structural issues around the lack of transparency” in the DeFi ecosystem.The comments....