Post
Topic
Board Speculation (Altcoins)
Re: global stock markets are under bearish pressure
by
Novita
on 18/09/2022, 19:23:40 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


It certainly will.  Just in theory less "profits" from other markets limits the amount of free capital they have to put money into fringe ideas like crypto (yes its still niche based investing).  Good global market good for crypto and vice versa in my eyes.

What does this mean for sure...?
will this have an impact on cryptocurrency projects? Sorry bro, because I am confused by your answer “In theory, less “profit” from other markets limits the amount of free capital they have to put money into fringe ideas like crypto”.
please explain so that the question with your response can be understood by other members.