While many industry observers ask themselves whether the crypto markets have reached their bottom level before they will rebound, Sam Bankman-Fried, the outspoken CEO and founder of major crypto exchange FTX, believes that the coming months could see crypto pegged to the general outlook for the macro environment.
“[W]hat we’re seeing driving markets is changes in interest rates, which is leading to the strengthening and weakening of fiat currencies, and so whenever you have the dollar moving, right, if the dollar strengthens, it’s going to strengthen against Exxon, it’s going to strengthen against Amazon, and it’s going to strengthen against Bitcoin, and when you have it weaken, you’re going to see the inverse,” the entrepreneur told Laura Shin of the Unchained podcast.
Bankman-Fried believes that, as “a lot of macro is being driven by moves in currencies, that’s going to move this sort of, you know, crypto prices against dollars.”
“So, one sort of boring answer to the question is …...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...