26 min listen
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
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)
Recession Unstoppable Now And Situation Is Beyond the Fed, Warns Peter Grandich: Inflation today compared to the 1980s, "is a completely different animal this time around, and the situation is so beyond what the Fed can do now," says Peter Grandich, founder of Peter Grandich & Company. The enthusiasm over this week's Fed rate hike... by The Daniela Cambone Show