Quote from: pooya87 on Today at 09:42:12 AM

Quote from: Mark301 on Today at 07:48:24 AM

Bitcoin soars as the Federal Reserve raises the key interest rate

This is both wrong and completely irrelevant.

First of all bitcoin didn't "soar", it just went back up a little. It has been doing that for some time now. In fact this is the 4th attempt to rise after the crash ended on June 18.

Secondly FED's interest rates don't really affect bitcoin price. Example is in May when they increased it while bitcoin dropped from $38k to $25k.

Quote from: Mark301 on Today at 07:48:24 AM

Inflation has probably been the most significant difficulty

Money printing is the problem, inflation is the result. In the past couple of years ever since COVID began, they've been printing US dollar non-stop. It was inevitable to see high inflation.

Great someone actually believes that both are irrelevant because they are actually irrelevant. Some facts are always connected but this fed thing is always there when bitcoin moves a little bit. Its actually disconnected fact since very long time, SEC has also revised many conditions in earlier days but none of them really affected bitcoin community. The money in bitcoin is anyway safe and anonymous as long as it's not sold and withdrawn in the local currencies. My point here is, why would anyone get bothered if FED's are rising some shit or not? For that matter wall street might get hampered but why they always connect the dots with bitcoin market? It's hilarious.