Seeking Alpha
2022-05-04 15:44:04

Crypto And The Fed: Is This The Market To Watch

Is the price of crypto facing a drop as the Federal Reserve moves to tighten up on monetary policy to fight inflation.The boom in crypto prices took place at the same time that the Fed was pumping trillions of dollars into the financial system to avoid a pandemic-caused financial downturn.As a consequence, a bubble-like rise in the price of Bitcoin took place as asset prices rose throughout the economy as a result of the Fed's largesse.Now, things are moving in the opposite direction and this could result in a substantial decline in the price of Bitcoin.

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