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Fed Pumps Brakes on the Dollar... It’s a 'Big Hairy Deal' for Bitcoin

Fed Pumps Brakes on the Dollar... It’s a 'Big Hairy Deal' for Bitcoin

FromThe Daniela Cambone Show


Fed Pumps Brakes on the Dollar... It’s a 'Big Hairy Deal' for Bitcoin

FromThe Daniela Cambone Show

ratings:
Length:
21 minutes
Released:
Sep 13, 2022
Format:
Podcast episode

Description

The Fed has decided that the dollar is strong enough, "and they don't wait it to get any stronger," says Clem Chambers, CEO of Online Blockchain Plc. He tells our Daniela Cambone that the dollar's strength has been suppressing all other assets and, "the dollar's rampant run has suddenly stopped and that's not accidental." Chambers says this is very good news for cryptos and other commodities, "and the dollar's strength can drag crypto." He remains bearish on bitcoin as a whole, saying if the digital asset breaches a $17,000 threshold it could fall all the way down to $10,000 a coin. Chambers concludes that he recently got out of the physical side of gold and has focused on [precious metals and miners] equities because of the current market conditions.
Released:
Sep 13, 2022
Format:
Podcast episode

Titles in the series (100)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.