Fed has hiked interest rates by another 25 bps today. Seems the move is already priced in for Bitcoin, since BTC price remains relatively stable considering the past rate hike events.
Banks were already struggling to keep up with rate hikes, 3 big banks failed and Bitcoin rallied like never before. Will this rate hike put more pressure on banking? If yes that is bullish for BTC. More people will find safe heaven in BTC if another banks is due failing. Exciting times to be involved in crypto right now!
fed expects median forecast rates will be 5.1% at end of 2023, and 4.3% at the end of 2024. So possible rate cuts in Q4 2023/Q1 2024. IMO that sets the stage for the next 2024-25 cycle bullrun!
Present your arguments in favour of banks or Bitcoin in the comments.
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