Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Friday, July 28, 2023

Bitcoin And The FOMC Decision


 

The Federal Open Market Committee, FOMC of the Federal Reserve decided to raise the Federal Funds Rate to a target of 5.50 %.

Rising interest rates puts downward pressure on Bitcoin and cryptocurrencies, which are regarded as a risky asset.

That said, in the current geopolitical turmoil Bitcoin is regarded as a safe heaven asset via which to execute anonymous transactions.

Wolfteam Ltd.'s view is that the long-term up trend of Bitcoin is intact despite the latest Federal Open Market Committee, FOMC Board of Governors of the Federal Reserve decision to increase the target of the Federal Funds Rate to 5.50%

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