The Fed raised rates... But this isn’t the worst part yet... They’re planning to raise them more and keep them above 4% for over another year...
And that means we’ll never see cheap money—or it may take several years...
The Fed is increasingly turning from a tool of monetary policy into a tool for parasitizing on government debt with huge interest payments.
For crypto, this means the altseason may not happen for many, many years.
Unless, of course, another crisis hits like in 2008... and for now, crypto is facing long, difficult times.
And that means we’ll never see cheap money—or it may take several years...
The Fed is increasingly turning from a tool of monetary policy into a tool for parasitizing on government debt with huge interest payments.
For crypto, this means the altseason may not happen for many, many years.
Unless, of course, another crisis hits like in 2008... and for now, crypto is facing long, difficult times.
