As the banking sector continues to roil, this time Credit Suisse, crypto enthusiasts are already taking victory laps on Twitter.

“The macro backdrop for Bitcoin has never been more perfect,” wrote co-founder of Mechanism Capital Andrew Kang.

Others, alluding to the inscription enshrined in the network’s first block, echoed the sentiment, saying “Bitcoin was made for this.”

Looking beyond the chatter, though, paints a much more complex picture, one that reveals just how intertwined Bitcoin and cryptocurrencies are with the Federal Reserve’s monetary regime.

It boils down to rate hikes and how risky investors consider digital assets.

As rates rise to tame inflation, makin

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Author: André Beganski

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