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Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist

Contrary to popular belief, the two largest cryptocurrencies bitcoin (BTC) and ethereum (ETH) could benefit from a tightening of monetary policy from the US Federal Reserve (Fed), Mike McGlone has argued in a new note. A...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist
 
Contrary to popular belief, the two largest cryptocurrencies bitcoin (BTC) and ethereum (ETH) could benefit from a tightening of monetary policy from the US Federal Reserve (Fed), Mike McGlone has argued in a new note.
According to McGlone, who is the Bloomberg Intelligence’s Senior Commodity Strategist, rising risk assets in 2022 could “embolden” a Fed that is “facing the greatest inflation in four decades.”...
Read More: Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist

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This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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