BlackRock Predicted More Rate Hikes From The Fed

According to the latest reports, it seems that the most important asset manager on the planet BlackRock is predicting more hike rates. Check out the latest reports.

The world’s largest asset manager, BlackRock, said Thursday it believes the US Federal Reserve would continue its campaign of future rate hikes, despite market expectations of a freeze.

It’s important to note the fact that this could mean a volatile road lies ahead for digital assets in the short-term, based on prior performances throughout 2021 and 2022 and present-day announcements from the central bank, experts say.

The online pubclaition Blockworks niotes the following fact: “Bitcoin (BTC), which has so far managed to climb a wall of worry in the wake of the Fed’s aggressive rate hikes, benefited from uncertainty in the banking sector as investors sought to hedge via a flight to quality.”

The biggest headwinds now facing the US and global economy are not immediate, Dmitry Lapidus, of crypto-native investment fund Dragonfly, told Blockworks.

The Fed “did a great job bailing the banks out” and the effect on GDP is likely to be exaggerated for the remainder of the year, he said.

“I think they cluster somewhere around Q3/Q4 when excess savings are drawn down and housing data is likely to accelerate to the downside.”

Cointelegraph reveals an interesting fact. Irish farmers are turning cow poop into digital gold. Check out the latest reports about this.

Tom Campbell, an Irish dairy farmer who runs a farm in County Armagh, is using excess energy from his farm to mine Bitcoin.

It’s been revealed the fact that an Irish dairy farmer has found an unusual way to make use of the excess energy produced on his farm — by turning to Bitcoin mining.

“Tom Campbell, who runs a farm in County Armagh, Northern Ireland, produces renewable energy using a method called anaerobic digestion. This involves breaking down biodegradable material to a point where it creates methane gas, which can be used to produce electricity.”