is it just me or is that around the same price range when they closed it as to when they opened the reduction of the balance sheet no massive bear market by any regard and bear in mind this was not a good timing for the fed to do this because crypto was well in a bear market right it started it had its parabolic peak here now i'm not going to sit here and say that the fed reducing its balance sheet was per se a non-event right i have no doubt that it definitely weighed down pressure on the crypto market and it might be as well on why it took a little while until we really saw the full-on rally for crypto markets but to say that this was the thing that was holding crypto markets back would just be foolish it's foolish the reason why crypto markets were standing as well they were going through a bear market at the time it had its parabolic peak euphoria the media hype the liquidity surge in the crypto the thing that drives bull markets by side pressure had completely exhausted itself people were reflecting on crypto markets at the time and looking at how much craziness went on everyone left and right was raising initial coin offerings or icos at ridiculous valuations with nothing more than a white paper and a team that may or may not have had long-term ambitions to do something meaningful so we can see that the fed balance sheet and also especially interest rate hikes or reductions don't really have as dramatic an effect on crypto markets as some were previously stating at least not according to the recent reduction we don't have any periods like this that we can really go off of when analyzing crypto markets and when analyzing equities and if you analyze equity markets you'll find the same you saw increased volatility when the feds started to reduce the balance sheet that was where some concern came in but still you would still have significant rallies and the markets would still hold up quite steadily especially even during the interest rate hikes that really didn't spook markets that much so big thing i want to emphasize here guys is that we can turn to history to start to get these answers we don't have to assume that it's completely directional one way or the other depending on what the fed does assets generally can continue to move now i'm going to spend some time here in a moment to explain why that is why is it that the fed even though they have such an impact on the economy and asset prices why assets can continue to rise before i do that i do want to share some exciting news with you guys for our sponsor today i trust capital so as you guys know they're one of the leading ira providers in the cryptocurrency space if you're looking to invest in crypto and defer any tax obligations so you don't have to worry about that for your portfolio until a later date but one important thing that i want to share with you guys is that they're giving away two tickets to the bitcoin miami conference if you guys haven't heard about it it's one of the largest bitcoin conferences of the year and they're gonna be giving away a ticket uh to one of you guys who are listening here on the channel as well as a dash report subscriber so if you guys are interested you can either in this case uh use the google form down below to apply for it we're going to pick random winner or if you guys are interested to increase your chances you can also download and sign up
START_SPONSOR_TOKEN so as you guys know they're one of the leading ira providers in the cryptocurrency space if you're looking to invest in crypto and defer any tax obligations so you don't have to worry about that for your portfolio until a later date but one important thing that i want to share with you guys is that they're giving away two tickets to the bitcoin miami conference if you guys haven't heard about it it's one of the largest bitcoin conferences of the year and they're gonna be giving away a ticket uh to one of you guys who are listening here on the channel as well as a dash report subscriber so if you guys are interested you can either in this case uh use the google form down below to apply for it we're going to pick random winner or if you guys are interested to increase your chances you can also download and sign up END_SPONSOR_TOKEN