BREAKDOWN: What the Fed’s ‘Hawkish’ Turn Means for Bitcoin

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4.7 • 698 Ratings

🗓️ 16 December 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Given that the Fed is now projecting three rate hikes in 2022, why are stocks and BTC up? This episode is sponsored by NYDIG. Yesterday in the wake of the FOMC meeting, the Federal Reserve signaled a hawkish turn. Asset purchases will be tapered at twice the speed, and the Fed is now anticipating three rate hikes next year. So why, in the wake of all that, are risk assets going up, and five-year inflation expectations climbing? - NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Michael Nagle/Bloomberg/Getty Images, modified by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.5	My point is that every time Bitcoin seems correlated to a macro event, people come out of the
0:54.5	woodwork to critique it for that when it's really not that complicated and it doesn't somehow
0:59.1	hand-wavily undermine Bitcoin.
1:01.5	The difference in Bitcoin has always been and will always be the large and growing
1:05.8	group of hoddlers who are not affected by macro events and Fed policy changes and who continue to deepen their
1:13.2	exposure and provide an ever-increasing floor for this asset.
1:18.7	Welcome back to The Breakdown with me, NLW.
1:22.7	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:30.0	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
1:36.5	What's going on, guys? It is Thursday, December 17th. And if you are a regular listener,
1:43.2	you will have heard throughout 2021 that the central macroeconomic battle, the battle that has defined, at least mainstream media coverage of U.S. markets, has been all about the threat and then the reality of inflation.
2:00.5	The question has been, how long could the Fed keep
	...

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