In this video, we explore the uncertain short-term upside target for Bitcoin and dive into the current market sentiment. While there's plenty of negativity out there, some of it is actually in favor of Bitcoin and the "Unbank Yourself" movement. With the Fed's decision coming up, we discuss how their actions might impact the crypto market.
Our prediction? The Fed might raise rates slightly and flip their previous statements about not raising rates. If this happens, we could see a positive market reaction, potentially pushing Bitcoin to the 30-40K range.
I haven't sold any Bitcoin but I've put on a small short as a hedge against their holdings. We also delve into the theory that we're currently in a limbo stage and discuss Cat's opinion that the Fed's comments might be more neutral.
Lastly, we touch upon the pressure banks are putting on the Fed to pause rate hikes and how they might benefit from such a decision. Join us as we navigate these uncertain times and offer our insights into the ever-evolving world of crypto!
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io