All this FUD has made it easy to forget that the fundamentals for crypto continue to improve. One of many examples is the recent report put out by the Federal Reserve Bank of New York about how Bitcoin’s price reacts to macroeconomic factors.
The fact that the Fed is publishing this kind of report at all should be a bullish sign by all accounts. What’s even more bullish is that the Fed’s analysis suggests that Bitcoin does not react to macro factors as much so you’d think.
This is actually pretty odd because it’s quite clear that Bitcoin responds to things like changes in interest rates. This anomaly got me interested in the report, and it’s safe to say that there’s much more to it than meets the eye.
⛓️ 🔗 Useful Links 🔗 ⛓️
► Fed Bitcoin Report: https://www.newyorkfed.org/research/s…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.