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All moments › CLARITY Act Failed, Fed HIKE Tomorrow — What Happens to Crypto Next?

High yields historically precursor to risk-off environment; rate hike coming tomorrow adds uncertainty.

From CLARITY Act Failed, Fed HIKE Tomorrow — What Happens to Crypto Next? · jumps to 22:16 · speech

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Now, there's a lot of other things and underlying factors and kind of complex economic topics that go into this. You can talk about inflation and all sorts of other things. Maybe yields actually need to go even higher because they're under-pricing, like what inflation actually is. But I'm not a bond trader and I'm not trying to pretend to be. I'm much more of quite simply, okay, in general when yields are really high that tends to lead to or be a precursor of a risk-off environment, okay? So all I'm saying, and we have, and they're gonna raise rates tomorrow.
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