High interest rates put a financial incentive to sell speculative investments in favor of fixed income investments.
HIVE is speculative and HBD is very high yield fixed income.
As many other currencies fall around 2% today HIVE falls 10%+
My guess? Because of the high interest rate there is a financial incentive to sell HIVE “before others” to put it in HBD or at the very least in other currencies that may fall less.
Historically central banks use interest rates to control the economy. Lowering interest rates usually put bullish pressure on speculative and riskier investments.
Could we try lowering HBD interest rates?…
