Powell has officially wrapped up his eight-year tenure as Fed Chair, and he's out on a high note.
This guy, both loved and hated in the crypto space, has finally passed the baton. Looking back over these eight years, from the infinite QE flood at the onset of the pandemic to the aggressive rate hikes that followed, the Fed's decisions have nearly reshaped the valuation logic for risk assets.
Right now, the market is entering a classic policy vacuum, and we’re still figuring out the monetary policy leanings of his successor. The macro game is about to get even more intense. In the short term, liquidity expectations might get a shake-up, and if the dollar index sees increased volatility, BTC is likely to feel the pressure too. With Powell's deft “Tai Chi” rhetoric out of the picture, everyone will need some time to adapt to the new rhythm.
Do you think with a new person at the helm, the Fed's money printer will still be churning? #Fed #Macro #Powell $BTC $ETH
This guy, both loved and hated in the crypto space, has finally passed the baton. Looking back over these eight years, from the infinite QE flood at the onset of the pandemic to the aggressive rate hikes that followed, the Fed's decisions have nearly reshaped the valuation logic for risk assets.
Right now, the market is entering a classic policy vacuum, and we’re still figuring out the monetary policy leanings of his successor. The macro game is about to get even more intense. In the short term, liquidity expectations might get a shake-up, and if the dollar index sees increased volatility, BTC is likely to feel the pressure too. With Powell's deft “Tai Chi” rhetoric out of the picture, everyone will need some time to adapt to the new rhythm.
Do you think with a new person at the helm, the Fed's money printer will still be churning? #Fed #Macro #Powell $BTC $ETH