Post
Topic
Board Speculation (Altcoins)
Re: global stock markets are under bearish pressure
by
traderethereum
on 13/09/2022, 12:50:08 UTC
Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson Hole, which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects
I hope that it will impact cryptocurrencies so that they can restart their rally and increase their prices so that people still playing stocks will see that cryptocurrencies can provide an opportunity for huge profits.
But it looks like it will impact cryptocurrencies, but we will not know what the impact will be and we can only wait until it happens.
Or maybe stock investors will start moving to cryptocurrencies because there is an opportunity for profit elsewhere.
And if that happens, cryptocurrencies will increasingly grab a place for investors and they will leave stocks Grin