"This confluence of Fed hikes and investor naivety “presents the setup for a severe washout” as the “pernicious effects of rising interest rates on future cash flows will likely prompt speculators and investors at the margin to dump or severely reduce their crypto holdings.” - Nik Bhatia
We take a little break to discuss the crazy state of the markets right now, and how this could affect the Bitcoin price in the short term. Nik Bhatia summarizes the bearish warning from Arthur Hayes and digs into the possible course of action for the Federal Reserve, and how that could dictate what the Bitcoin price does in the short term. Are you ready? Listen to find out more
Links to both Bhatia's as well as Hayes's article below for further exploring:
https://thebitcoinlayer.substack.com/p/arthur-hayes-bitcoin-could-be-heading
https://cryptohayes.medium.com/maelstrom-ee6021e9d0c2
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