The Fed’s Looming Interest Rate Hike Could Hit Cryptocurrencies Hard22.05

A rising interest rate environment courtesy of the Federal Reserve could hit deflationary cryptocurrencies hard, according to Robert Leshner, who spoke to Fortune about why he started a company called Compound.

In the interview, Leshner points out that cryptocurrency has so far only existed in a low interest-rate US economy. As this starts to reverse, a series of rate hikes by the Federal Reserve put crypto in uncharted waters.

Original source
https://bitcoinist.com/rise-interest-rates-hit-crypto-market/

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