🚀 Crypto & traditional asset markets start 2023 on a bullish note! 📈 High inflation doesn't stop the economy, the Fed maintains interest rates at 5.25-5.50%. Is crypto an inflation hedge? 💬 Discuss in the comments!#Bitcoin#Ethereum #Fed

- September FOMC meeting, interest rates remain at 5.25-5.50%

- Chances of another rate hike in 2023 are almost 50%

- Bitcoin price fell from $40,900 to $26,400 during the interest rate hike

- Crypto & other assets struggle in a tight monetary environment

📌 Important facts:

- US inflation fell from 9.1% to 3% since the first interest rate hike

- Interest rate increases aim to fight inflation & protect the value of the currency

- Bitcoin as an inflation hedge is still debated, adoption needs to increase

🔍 Read more about the impact of rising interest rates on crypto markets & other assets. What do you think? Can crypto be an effective inflation hedge?