Dan Morehead, CEO and founder of blockchain venture fund Pantera Capital, said that cryptocurrencies will be the best place to store capital if the US Federal Reserve raises interest rates.
Stock and crypto investors, FED to 7.5% next month to combat rising inflation. interest rate hike thinks it will happen.
Cryptocurrency markets often move in correlation with movements in other exchanges. But Morehead on February 16 in his interview; He said he thinks bonds, stocks and real estate won’t affect the Fed’s policy much.
Since the end of last year Despite the declines in the cryptocurrency market Pantera CEO said cryptocurrencies are the best place to avoid Fed policy. Also in the interview;
I think these markets will diverge very soon and rising interest rates will make stocks and real estate less attractive.
said.
Blockchain technology cash flow oriented Morehead said, “It may behave differently from interest rate-oriented products. I think blockchain will be attractive if rates are going up when people are going to invest in something.” said.
In addition, the CEO shared a bitcoin chart in his post on Twitter, and the Fed’s 5 trillion dollars printed He said that the price of bitcoin was cheap at the time.