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Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist Contrary to popular belief, the two largest cryptocurrencies bitcoin (BTC) and ethereum (ETH) could benefit from a tightening of monetary policy from the US Federal Reserve (Fed), Mike McGlone has argued in a new note . According to McGlone, who is the Bloomberg Intelligence’s Senior Commodity Strategist, rising risk assets in 2022 could “embolden” a Fed that is “facing the greatest inflation in four decades.” He added that although crypto assets in general are among the most speculative assets in the world, the original cryptocurrency – bitcoin –...
