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Author Topic: Fed hike does it impact Bitcoin  (Read 303 times)
Juggy777 (OP)
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December 19, 2016, 12:04:06 PM
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With the Fed hiking the rates, making usd more favorable. Will it help boost the prices. Or will it be reverse. What is the scenario the money that was pouring in btc will it stay or will it leave. This has been on my mind for a while, I am unable to find a suitable answer. If you all could she'd some light on this.
mobnepal
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December 19, 2016, 12:45:50 PM
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What is the scenario the money that was pouring in btc will it stay or will it leave.
Nobody can predict that however if we look at current price trend and growth of bitcoin market-cap. We can be quite sure that market-cap (money pouring into bitcoin) will tend to increase in long run. However in short term there will be many traders who will also like to pull out some of the money from bitcoin marketcap to secure some profit from price swing.

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