Former CFTC Commissioner Giancarlo: Why Rate Hikes Could Benefit Bitcoin

BTC

BTC/USDT

$83,993.04

-0.24%

$83,993.04

-0.24%

(24s)

24h Volume

$16,702,034,744.19

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.5%

Long: 58.5%Short: 41.5%

Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$83,989.62

▼ -0.13%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$83,989.62

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

Bitcoin Magazine Editorial

(01:06 PM UTC)

1 min read

Approved bySarah Chen

0 comments

Government spending and currency debasement are making Bitcoin’s case stronger than ever. Chris Giancarlo explains why Bitcoin’s programmed scarcity makes it the digital form of gold and why governments might one day anchor money to a digital commodity. He also explains why Fed rate hikes and rising U.S. debt support Bitcoin’s value proposition.

Chapters:
0:00 Chris Giancarlo on Bitcoin…