One of the byproducts of being a Bitcoin bull is you have to learn about the weird and wonderful world of traditional finance. One of the big takeaway lessons is that a room of crusty old dudes apparently set the price of money.
It is a strange system really, especially when we compare it to the transparent and programmatic Bitcoin schedule. Quite odd watching these creatures of earth debate about things they have precisely zero hope in hell of controlling…and yet the other humans seem to listen and react accordingly.
Odd.
Anyway, we have seen the Fed inject much-needed certainty into markets today, with a well predicted 0.5% interest rate rise. Markets will likely go green as they digest and rebound from oversold levels.
But stay frosty, we have plenty of time left in this bear-crab market thing we are in, most likely.