Fed rate hikes propel ‘crypto cycle’ – IMF paper
Monetary policy more correlated with institutional investment in tech than finance
US monetary policy affects the “crypto cycle”, as it does the global equity cycle, “contrasting starkly with claims that crypto assets provide a hedge against market risk”, International Monetary Fund researchers claim.
Natasha Che, Alexander Copestake, Davide Furceri and Tammaro Terracciano published their working paper The Crypto Cycle and US Monetary Policy on August 4. They find as the US Federal Reserve raises its interest rates and enacts more restrictive policy, institutional investors
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