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Seeking Alpha 2021-12-07 23:53:24

Bitcoin: Fed's Cheap Talk Creates Deleveraging And Massive Bottom

Powell was re-nominated as Fed Chairman, which empowered him to talk about tapering the Fed’s bond buying and to possibly raise interest rates.This talk has hurt stock prices this past week. However, there's still little chance that the Fed will raise interest rates in the next months or even year.If rates increase, defaults would explode across the world.

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