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Valkyrie CIO Steven McClurg offers a mid week update covering the FED's announcements on raising employment rates, completion of their tapering program, and that they will only be holding treasuries going forward.
McClurg believes the first rate hike will take place in May, and he predicts a 5-8% drop in equity markets over the next few weeks.
Now is a good entry point to the crypto markets for long term value.
He closes out the lightbulb episode with his prediction that the end of the year will hold more All Time Highs for Bitcoin
The Lightbulb Series covers crypto topics in 5 minutes or less. If you have a question you want covered, reach out to us on social media or via email at [email protected]
DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.