Over the past year, the main financial regulator of the United States – the Federal Reserve (Fed) – increased the base interest rate in the country by 225 points. This will bring down the rate of bitcoin and Ethereum cryptocurrencies, but in 5-10 years they will grow again. Mike McGlone, senior commodity strategist at Bloomberg, said this on the air of the Kitco News channel. Meanwhile, according to the largest European crypto exchange WhiteBit, on September 19, the value of BTC updated an almost three-month low, but has since risen to $19.2 thousand per coin. "I think everything will be even worse than the 2008 correction and the Great Financial Crisis. The Fed has started easing (the base interest rate. – Ed.) in 2007, and then added massive liquidity. They can't do it anymore," McGlone said. With the adoption of cryptocurrency technologies in the world, the exchange rate of bitcoin and Ethereum will set new records. But this will happen only after a significant correct
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