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Crypto Observers Are Perplexed About Future Amid Fed Rate Hike

Cryptocurrency Sep 20, 2022 06:30AM ET
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  • Investors are cautious as they are waiting for the US Fed’s rate hike.
  • The crypto influencers on Twitter (NYSE:TWTR) stay optimistic.
  • “Buy gold, silver, and Bitcoin before the coyote wakes up,” says Robert Kiyosaki.

Crypto markets, like global markets, are in a bloodbath due to the current global macroeconomic conditions. Investors have been cautious as they awaited the US Fed’s monetary policy decisions amid rising inflation.

However, market observers are divided on whether this is the ideal time to “buy the dip” or whether it is better to stay away from the market. The crypto influencers on Twitter seem pretty optimistic.

“Of course we can bleed lower, but the market at this value is far more attractive than it’s been in over a year,” says pseudonymous Twitter influencer Pentoshi in a September 9 tweet to his 610.9K followers.

Other influencers like CryptoKaleo and AurelienOhayon are also expecting crypto to enter the “Bull Run” anytime from now. “Feel like we’re relatively safe through mid-terms,” tweeted Kaleo.

Unfortunately, macroeconomic impediments paint a different picture.

FedEx (NYSE:FDX) announced last week that it had fallen $500 million short of its first-quarter revenue target, raising the prospect of worsening economic conditions. According to the Federal Reserve Bank of New York, consumer debt will reach $16.15 trillion in the second quarter of 2022.

FedEx also announced plans to close 90 locations by the end of the year as part of its response to the economic downturn.

President Joe Biden assured Americans in a CBS interview on Sunday that inflation would be kept under control. Observers wonder if he’s hinting at the Fed’s potentially massive 100 basis point rate hike in the federal interest rate.

Regardless of how quickly the Fed moves to disincentivize debt, it is unclear when asset prices will rise. The observation of “Rich Dad, Poor Dad” author Robert Kiyosaki adds another perspective to the situation.

Kiyosaki wrote on Twitter.

Baby Boomer’s retirements to be stolen. $10 trillion in fake money spending ending. Government, Wall Street & Fed are thieves. Hyper-inflation Depression here. Buy gold, silver, Bitcoin before the coyote wakes up.

The post Crypto Observers Are Perplexed About Future Amid Fed Rate Hike appeared first on Coin Edition.

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Crypto Observers Are Perplexed About Future Amid Fed Rate Hike
 

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