THE HASH: Bitcoin Briefly Dips Below $22K on Powell's Inflation Comments; Crypto Tax Reform Plans
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 March 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Tuesday, March 7, 2023.
"The Hash" team discusses the biggest headlines shaping the crypto markets today, including Federal Reserve Chairman Jerome Powell, in prepared remarks before the U.S. Senate Banking Committee, stating that inflationary pressures are running higher than expected. Separately, Punchbowl reports that U.S. lawmakers are planning on reintroducing a bill that will reform the way crypto is treated for tax purposes.
See also:
Bitcoin Price Slides to $22K as Powell Warns on Inflation
US Senate Banking Committee to Hold ‘Crypto Crash’ Hearing This Month
U.S. Lawmakers to Reintroduce Crypto Tax Reform Bill: Report
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.2 | Stay informed with the latest on Bitcoin, |
| 0:12.3 | Eith, The Metaverse, Web3, and more. |
| 0:14.9 | All on the hash for your ears. |
| 0:19.3 | You're listening to the Coin Desk Podcast Network. |
| 0:22.7 | Hey there, happy Tuesday. |
| 0:24.9 | It's the hash. |
| 0:25.7 | You're watching us here on Coin Desk TV. |
| 0:27.4 | I'm Zach Seward. |
| 0:28.3 | We got Ben Schiller on the show today, and we got Wendy O. |
| 0:31.4 | Going to be a good one. |
| 0:32.5 | Let's do this thing. |
| 0:33.8 | Wendy's going to start us off with a markets update, |
| 0:35.6 | including some Fed pronouncements, I believe. |
| 0:38.6 | Wendy, take it away. I'm not excited to talk about the story. I liked my previous story, but I got |
| 0:43.5 | this all day long because it makes me sad for the underdogs. Fed Chair Powell says interest rates are |
| 0:48.5 | likely to be higher than previously anticipated. He cited data earlier this year showing that inflation |
| 0:53.4 | has reversed the declaration. |
| 0:55.1 | It slowed at the end of last year. And that's because people, well, I don't think inflation has |
| 0:59.4 | slowed down, but people just aren't able to spend money. He warned of a tighter monetary policy |
| 1:03.2 | head to slow a growing economy and said that the current trend shows the Fed's inflation |
| 1:07.1 | fighting job is not over. As far as Bitcoin price action goes, Bitcoin is kind of just |
... |
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