Hi, all. Long time no see.
I wonder do anybody care for the Monetary policy of the FED? because I don't see any post are discussing the relationship between interest rate and bitcoin price.
We can see that FED is going to increase the interest rate on the incoming day.
Do the bitcion price is going to drop down due to this policy change?
I think it is going to drop down the value of bitcoin and balancing it value in the range of 1000 - 1200 usd on the coming next 4 months.
The value of US dollar will increase when the rate increase and all other value of currency would decrease.
And top 5 market exchange for bitcoin include china,usa and europe.
Although the decrease of currencies is expected, investors and traders will seek other assets such as bitcoin as safe monetary system.
However, we can see the things recently shown that bitcoin isn't the first choice for investor,
the S&p dow jones indices is increasing generally which lead by bank and president trumph is going to invest huge amount of money into infrastructure which i think is a better way to earn for most investor.
Whereas for China, they are helding National People's Congress (NPC) and National Committee of the Chinese People's Political Consultative Conference (CPPCC) which highlight the importance of real economy compared to virtual economy.
Besides, they are going to invest hugely in infrastructure too.
So, some traders will possible will not consider bitcoin as a wealth management product due to policy change.
What do you think?