How will the odds of a Fed rate hike affect the value of digital currencies?

1 answers

• Justus BraitingerOct 14, 2020 · 5 years ago
  At BYDFi, we closely monitor the impact of Fed rate hikes on the value of digital currencies. While it's true that rate hikes can create short-term volatility in the crypto market, we believe that the long-term value of digital currencies is driven by their utility and adoption. As more individuals and institutions recognize the benefits of digital currencies, their value will continue to grow. Therefore, while Fed rate hikes may have a temporary impact on the value of digital currencies, we remain optimistic about their future prospects.
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