Popular cryptocurrency analyst Coin Bureau has suggested that the US Federal Reserve’s (FED) interest rate policy is the key indicator that will determine the direction of Bitcoin (BTC) and cryptocurrencies in 2023.
Coin Bureau is live on YouTube 2.18 million followers made critical market forecasts for next year a bull rally Referring to the importance of the FED’s decisions in order to survive, the analyst stated that every decision on whether to withdraw interest rates or not is of great importance.
Analyst, Fed’s interest rate policies if it starts to get milder traditional markets and cryptocurrency market that a potential bull might be triggered is thinking.
In analyzing Powell’s recent speeches and the institution’s financial decisions, the Bureau specifically states, “We will continue with harsh interventions until inflation reaches the level we want.He focused on his statement. According to the analyst, if the FED maintains its stance in 2022 and continues to increase interest rates at the same pace, this is likely to be beneficial for macroeconomics and cryptocurrencies. bad results will give birth.
The Bureau said in a statement that while it is difficult to predict which path the Fed will take, it believes that market makers will not ignore the difficulties that the financial system is facing.
Especially in 2022 macroeconomic During the problems, every statement of the FED had a serious impact on the markets. volatile caused movements. The FED, which mainly prefers the option to increase interest rates throughout the year, increased the interest rates by half a point this month, thereby improving the economy. to recession dragged right. With the increase, the interest rate reached the highest level in 15 years. 4.25% to 4.5% brought it in range.
Fed chairman powell In his last speeches, he specifically stated that 2023 could be a year of recession and warned against a possible financial recession.