why bitcoin may benefit from FED interest rate hike

[hl5460]

FED interest rate hike is a spent bullet and could not last for long.
http://news.8btc.com/why-bitcoin-may-benefit-from-the-fed-interest-rate-hike

[vnvizow]

They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc

[Xester]

They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc

President Trumps work is a good news to bitcoin. If the price of dollars increase in value then using simple logic since bitcoin is backed up by dollar then the value of bitcoin is also increasing. Though the United States of America cannot really felt the impact on bitcoins but to us living in the third world country the conversion of bitcoin to our local currency will also increased.

[aso118]

They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc

President Trumps work is a good news to bitcoin. If the price of dollars increase in value then using simple logic since bitcoin is backed up by dollar then the value of bitcoin is also increasing. Though the United States of America cannot really felt the impact on bitcoins but to us living in the third world country the conversion of bitcoin to our local currency will also increased.

Bitcoin is not backed up by the dollar. The dollar just happens to be the currency against which bitcoin is mostly traded.
I am not sure if Bitcoin will benefit from Fed interest rate hike. Usually, when interest rate goes up, risk tolerance comes down.

[davis196]

They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc

Trump isn`t good or bad for bitcoin.
Anyway,if the unemployment levels in the USA decrease,more people will have jobs,which means that more people would be able to save some money to buy bitcoins.
Trump is unpredictable, which is bad for the investors and the economic growth might be very little.
Inflation won`t be that huge ,because the world wants to buy more US dollars and this will keep the high US dollar value.

[vnvizow]

They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc

Trump isn`t good or bad for bitcoin.
Anyway,if the unemployment levels in the USA decrease,more people will have jobs,which means that more people would be able to save some money to buy bitcoins.
Trump is unpredictable, which is bad for the investors and the economic growth might be very little.
Inflation won`t be that huge ,because the world wants to buy more US dollars and this will keep the high US dollar value.

If Philips curve levels of inflation kick in we just might see the biggest buy in since India , nothing positive but if the whole of US starts buying in the price will skyrocket like Cyprus all over again

[hl5460]

They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc

An upcoming hyperinflation in USA?

[hl5460]

If Philips curve levels of inflation kick in we just might see the biggest buy in since India , nothing positive but if the whole of US starts buying in the price will skyrocket like Cyprus all over again

I am aware that Indian bitcoin OTC buyers are quite active recently.

[hl5460]

They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc

President Trumps work is a good news to bitcoin. If the price of dollars increase in value then using simple logic since bitcoin is backed up by dollar then the value of bitcoin is also increasing. Though the United States of America cannot really felt the impact on bitcoins but to us living in the third world country the conversion of bitcoin to our local currency will also increased.

Bitcoin is not backed up by the dollar. The dollar just happens to be the currency against which bitcoin is mostly traded.
I am not sure if Bitcoin will benefit from Fed interest rate hike. Usually, when interest rate goes up, risk tolerance comes down.

I think the FED are bluffing on more hikes.