On this week’s episode of Market Talks, we welcome Yash Gola, a Mumbai-based financial analyst and technology journalist from Cointelegraph with a strong focus on Bitcoin (BTC), smart contracts, exchangeable assets, non-fungible tokens, commodities and global stocks. Gola has been covering the cryptocurrency industry since 2014 and doesn’t expect to stop anytime soon.
First, the United States Federal Reserve just announced a 75 basis point increase in interest rates, sending markets crashing. Why did this happen, what difference does it make to you, and why should you be concerned? We asked Gola to break it down for us.
Is Fed Chair Jerome Powell prolonging the economic pain by slowly raising interest rates, or should he just rip off the Band-Aid and raise rates to a target of 4.4% at the end of the year? What impact would this have on the market and how will the number one cryptocurrency, BTC, react? What is the Fed’s real plan to fight inflation and is it really working?
Is Bitcoin in for more pain? With the US dollar on the rise, more and more people seem to be fleeing to cash and cash-based instruments compared to riskier assets. If the Fed decides to raise interest rates by another 75 basis points, could Bitcoin fall below its current technical support range of $18,000-$20,000?
We also ask Gola if he is eyeing any significant price levels for Bitcoin and what they might be, given all the macro factors at play. Will Bitcoin ever separate from the traditional stock market? What would it take to make that happen? Gola enlightens us with his thoughts on the subject.
Tune in to make your voice heard. We’ll be taking your questions and comments during the show, so have them ready.
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