On this week’s episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist at Cointelegraph with a strong focus on Bitcoin (BTC), smart contracts, exchange assets, non-perishable tokens, commodities and global stocks. Jolla has been covering the cryptocurrency industry since 2014 and doesn’t expect to stop anytime soon.
First things first, the US Federal Reserve just announced a 75 basis point increase in interest rates, dragging the markets down. Why did this happen, what difference does it make to you, and why should you be concerned? We asked Jula to break it for us.
Is Fed Chairman Jerome Powell prolonging the economic pain by slowly raising interest rates, or should he just cut aid and raise the rate to the year-end target of 4.4%? What impact will this have on the market, and how will the first digital currency, BTC, react to it? What is the Fed’s actual plan to fight inflation, and does it really work?
Is there more pain in the bitcoin store? With the rise of the US dollar, it seems that more and more people are turning to cash and cash-based instruments compared to riskier assets. If the Fed decides to raise interest rates by another 75 basis points, could Bitcoin drop below the current $18,000-$20,000 technical support range?
We also ask Jolla if he is keeping an eye on any significant levels of bitcoin price and what they might be, considering all the macro factors at play. Will Bitcoin separate from the traditional stock market? What will it take for that to happen? Gula enlightens us with his thoughts on the subject.
Listen until you hear your own voice. We’ll take your questions and comments throughout the show, so make sure they’re ready to go.
Market talks with Coffee N Crypto’s Tim Warren are broadcast live every Thursday at 12:00 PM ET (4:00 PM UTC). Each week, we present interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So, be sure to head over to the Cointelegraph YouTube page and smash the like and subscribe buttons for all of their future videos and updates.