Matt Hougan: Rates Impact Bitcoin Less Over Next Five Years
Matt Hougan says interest rate decisions will matter less to bitcoin as Fed shifts to modest 50bps tweaks resembling 1990s Greenspan era.
SourceAnalysis
Matt Hougan argues interest rate decisions will matter less to bitcoin over the next five years than the past fifteen, citing smaller expected moves like the CME's projected 50bps rise and a Warsh Fed focused on modest adjustments akin to the mid-1990s Greenspan period.
Bitcoin trades at $63780.65 inside Bollinger Bands with upper resistance at $65663.04 and lower support at $63166.59; the bearish EMA50 at $64597.35 and EMA200 at $63904.26 cap upside while MACD death cross at -312.55 and neutral RSI 41.29 point to limited momentum, suggesting any rate-driven relief faces immediate technical resistance before testing lower band support.
Matt Hougan
@Matt_HouganBitwise Invest's CIO and FutureProof co-founder, former ETF.com CEO bringing deep investment expertise to digital assets.