Speaking after Tuesday’s session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action. Bitcoin was also boosted by the news, climbing back into the $23,000 region.) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell.
Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more than is priced in.”
Cryptos in general and BitCoin in particular are a threat to US govt monopoly on printing money , a serious source of revenue for the govt. Therefore govt will do, I think, its best to 'regulate', restrict that is, the acceptance of cryptos in foreseeable future.
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