The market looks bullish despite the Fed Chair's unchanged rhetor
At yesterday's speech, US Federal Reserve Chair Jerome Powell confirmed that inflation is slowing down, though he expects more interest rate hikes ahead.
Everyone expected the grandpa to stay the course on raising interest rates on the back of a strong labor market. But Bitcoin's price surge above $23,000 has come as a surprise.
Money is getting more expensive, that's the problem. But the worst thing is that we still assess Bitcoin value in fiat, which only depreciates.
Money is getting more expensive, that's the problem. But the worst thing is that we still assess Bitcoin value in fiat, which only depreciates.
