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RE: The US Federal Reserve Hikes Rates. What This Means for Forex and Crypto Markets
Yeah but can the Economy handle the higher rates? That’s my concern. With the IS leading global policy, you’ll have an effect on Australia too and I don’t even think we can handle them.
If shit hits the fan, and this trade war bullshit could well be the straw that broke the camel’s back, then crypto is poised to capitalise.
It could potentially be the final straw, no doubt. However, by prolonging the agony they're doing everyone a major disservice and a much steeper and worse correction will occur later. Like hyperinflation and bread lines. If the economy is already sick, we can't keep giving it the same exacts drugs that have made it sick, we need to detox the economy just like a drug user needs to detox. The detox is raising rates and stopping the printing and inflation.