Topic: [2016-12-17] Op-Ed: Upcoming Fed Policy Announcement and the Potential Impact... (Read 235 times)
December 17, 2016, 04:29:46 PM
Op-Ed: Upcoming Fed Policy Announcement and the Potential Impact on Bitcoin Price
Absent unexpected shocks in world markets, any rate hikes by the Fed this week could see moderate short-term Bitcoin selling pressure as some holders sell and move into safer asset classes that offer improved returns. Seen in isolation, the longer-term effects of a rate hike would likely see capital returning to Bitcoin markets as its effects are felt by businesses and international trading partners. Higher-risk altcoin markets are likely to fall against Bitcoin as they use it as a reserve currency to escape to the safer US dollar.
Read the full story: https://dcebrief.com/op-ed-title-case-upcoming-fed-policy-announcement-and-the-potential-impact-on-bitcoin-price/
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