Then today Kevin Warsh delivered the knockout punch by raising interest rate. Driven by an intensifying Iran War that has sent global energy shocks ripping through the economy, the Fed is tightening liquidity to stomp out rising inflation.
Wrongful Selloff or Justified Panic?
Buy the Rebound Camp says that higher interest rate actually acts as superpower for Circle as USDC boasts over USD 74 billion in active circulation.
The Avoid the Mud Camp says the combination of Iran War, Fed rate hiking & stagnation of CLARITY Act is a cocktail of macro risks.
I prefer to stay on the sidelines until the storm has passed.
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