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Crypto and Bitcoin (BTC) Diehards May See Market Bubble Burst by Fed – Bloomberg

Rock-bottom rates and trillions of dollars in government stimulus helped turbocharge prices of digital assets. Can the market hold up without them?
With the Fed turning hawkish, Bitcoin is already down some 40% from its highs.
To cryptocurrency true believers, Bitcoin is the ultimate store of value, the most solid hedge against the rampant inflation manufactured by reckless central banks and their money-printing. To skeptics, the crypto world as a whole is a mirage whose massive run-up past $2 trillion was simply the speculative byproduct of the extraordinary amount of easy cash that’s been sloshing around in the global economy — in effect, a big bubble.
Both of those theories are about to face their biggest test yet.


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