How does a 30 basis point increase in interest rates affect digital currencies?

1 answers

• Nov 29, 2021 · 3 years ago
  At BYDFi, we believe that a 30 basis point increase in interest rates can have a moderate impact on digital currencies. While it may lead to a temporary decrease in demand for digital currencies, we expect the market to quickly adapt and stabilize. Digital currencies have proven to be resilient in the face of various market conditions, and we believe that they will continue to thrive despite interest rate fluctuations. It is important for investors to stay informed and make decisions based on a comprehensive understanding of the factors influencing digital currencies, rather than solely relying on interest rate changes.
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