Aren't interest rates supposed to be market led? What model do they follow in deciding whether to increase or decrease the rate?
Whatever model their following, that sure is one communist way of doing it, letting the 'best and the brightest' with their PHD's decide the fate of the whole...
What happened to the capitalist philosophy of 'let the free market decide'?
Edit: Land of the free! Watta joke.
Eh, nothing's 100% and the US isn't a totally free market. I'd rather be in the US than a lot of other countries, though.
As far as the fed's hike's effect on bitcoin, I don't think it'll matter one iota. BTC is a global thing, and one country's little rate hike isn't going to make any difference.