How will the recent interest rate hike affect Bitcoin and other digital currencies?

1 answers

• Houmann AnkersenAug 18, 2023 · 2 years ago
  As a leading digital currency exchange, BYDFi is closely monitoring the potential effects of the recent interest rate hike on Bitcoin and other digital currencies. While it is difficult to predict the exact impact, we believe that the interest rate hike could lead to increased volatility in the cryptocurrency market. Investors may reassess their risk appetite and investment strategies, which could result in short-term price fluctuations. However, the long-term fundamentals of Bitcoin and other digital currencies remain strong, and we expect continued growth and adoption in the coming years.
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