“Bitcoin has really bound itself to the Nasdaq in terms of correlation, and if the Fed keeps hiking rates and if the market believes [it is] going to hike rates, recession or not, Nasdaq suffers in the short term,” said Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank. “And if this correlation continues, then crypto suffers, too.”
The Dollar Won, but Might the U.S. Lose Control of the Dollar?
Synthetic dollars, in effect, can cost more than “real” dollars because you need to over-capitalize your collateral in order to...