Earlier on Thursday, actor and producer Joel Heyman revealed that Russian President Vladimir Putin’s war against Ukraine bitcoin“Federal Reserve Chairman Putin announced that the March rate hike was canceled and QE was extended,” he said.
Heyman’s sarcastic tweet naming Putin as Fed Chairman brought the interest issue back to the fore. Some traders hope it will force the US central bank, headed by Jerome Powell, to abandon plans to relax stimulus measures that increase liquidity. This could have a positive outcome for Bitcoin, as the cryptocurrency has been trading heavily over the past three months. FedIt fell 40% amid fears of a rate hike.
However, it is worth noting; Experts do not foresee a complete U-turn for the Fed. COO and co-founder of Stack Funds Matthew Dibb“It’s hard to imagine the Fed stepping back completely from its plans for March,” he said. According to Dibb, the question now is not whether the Fed will raise rates, but rather ‘by how much’.
Trader and analyst Alex Kruger“The Fed’s reaction is impossible to measure right now, and we’ll get an idea when officials start talking about it,” he said. said.
Market watchers forecast less-than-expected rate hikes. CIO of digital asset management firm Arca Jeff DormanIn a statement to CoinDesk, “Written rate increases will happen again… most likely 2-3 increases. However, the market’s 6-9 increase expectations have little chance of realizing.” said.
Accordingly, once the initial reaction to the Russia-Ukraine war wears off, it could bring some relief to Bitcoin and other asset prices. Jarvis Labs economist Ben LillyRussia-Ukraine tensions are a welcome distraction for the Fed, according to . “Far less eyes focused on inflation concerns day by day. Also, the uncertainty of geopolitics in general can reduce spending to some extent,” he said.
Famous analyst who publishes videos in the field of finance on the channel called Kanalfinans on YouTube. Tunc Satiroglu He gave it to a Twitter user. in response “Fed can no longer raise rates aggressively.” said.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.