Former CFTC Commissioner Giancarlo: Why Rate Hikes Could Benefit Bitcoin
Bitcoin Magazine Former CFTC Commissioner Giancarlo: Why Rate Hikes Could Benefit Bitcoin Former CFTC Chair Chris Giancarlo explains why BTC serves as digital gold and a future currency anchor. This post Former CFTC Commissioner Giancarlo: Why Rate Hikes Could Benefit Bitcoin first appeared on Bitc
Source: Bitcoin Magazine
―
DW NOTE
Giancarlo's thesis only works if you believe central banks will keep printing and governments will keep borrowing. The U.S. fiscal deficit hit $1.4 trillion through June, running 3% above last year, and the Fed just raised rates to 3.75%-4.00% — the first hike since 2023 — while inflation sits at 3.4%. Bitcoin doesn't benefit from rate hikes; it benefits from the conditions that make rate hikes inevitable.