{"id":549682,"date":"2023-09-01T09:00:50","date_gmt":"2023-09-01T09:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=549682"},"modified":"2024-06-11T10:43:20","modified_gmt":"2024-06-11T10:43:20","slug":"how-bitcoin-crypto-impacted-fed-war-chest","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/","title":{"rendered":"How Bitcoin And Crypto Are Impacted By The Fed’s Growing War Chest: Report"},"content":{"rendered":"

In a recent report by Capriole Investments\u2019 Charles Edwards explored the Federal Reserve’s ever-expanding war chest and its potential implications for the Bitcoin and crypto market. As Bitcoin gears up for its halving in April 2024, a pivotal event that will make it scarcer than gold, understanding the macroeconomic environment becomes crucial.<\/p>\n

Why Macro Matters For Bitcoin And Crypto<\/h2>\n

Edwards underscores the inherent interconnectedness of global markets, asserting, “Bigger markets drive smaller markets.” This symbiotic relationship is evident in the crypto realm, where altcoins’ performance is closely tethered to Bitcoin’s movements. Drawing a parallel with traditional markets, Edwards elucidates, “Bonds drive equities, equities drive Bitcoin and Bitcoin drives altcoins.”<\/p>\n

Contrary to the prevailing sentiment of an impending recession in 2023, the equities market defied expectations with a robust rally. This surge was not arbitrary but was propelled by the groundbreaking integration of usable AI, which has the potential to significantly augment GDP. Edwards directs attention to the NAAIM Exposure Index, a barometer of NAAIM managers’ equities exposure. The current readings of this index are reminiscent of those in June and October 2022, both of which signaled local bottoms for the S&P 500.<\/p>\n

Related Reading: Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here\u2019s Why<\/a><\/div>\n

Furthermore, the AAII sentiment survey results, which are currently moderate, could provide a more convincing buy signal if they align with the NAAIM Exposure Index. Another metric that Edwards holds in high regard is the Put\/Call ratio. This ratio offers insights into the relative bullishness or bearishness of market participants in the options market. A recent spike in this ratio suggests that the traditional finance market might be on the cusp of a near-term upward movement, Bitcoin and crypto could follow.<\/p>\n

However, Edwards tempers this optimism with a note of caution. For a more definitive bullish signal, the S&P 500 would need to breach and sustain above the pivotal monthly resistance level at 4600. A consistent performance above this threshold would dispel any notions of a transient “dead-cat-bounce.”<\/p>\n

Macro Fundamentals: A Mixed Bag<\/h2>\n

The broader macroeconomic picture presents a mosaic of varying hues. The aggressive tightening cycle, a hallmark of the Fed’s recent monetary policy, is still being assimilated by the markets. With the reservoir of household savings accumulated during the Corona stimulus years now running dry, a consequential contraction in consumer spending is on the horizon.<\/p>\n

Edwards shines a spotlight on a couple of particularly disconcerting metrics: a marked decline in manufacturing, a sector whose downturns have historically been harbingers of recessions and consumer spending, which has not only dipped below its 20-year average growth rate but has done so at an alarming velocity.<\/p>\n

Other red flags in the US economic landscape include a relative rise in the cost of living as income growth, at a meager 1% annually, lags behind inflation; an unprecedented credit card debt mountain of $1 trillion; escalating delinquency rates; and a squeeze on net worth as housing prices wane in the face of dwindling demand.
\nYet, despite these ominous signs, the robust employment rates render any immediate proclamations of a recession premature. Edwards emphasizes the significance of the “initial claims” metric as a bellwether for unemployment trends.<\/p>\n

Related Reading: Bloomberg Analysts Raises Approval Chances Of Spot Bitcoin ETF To 75%<\/a><\/div>\n

However, the integration of AI into the workforce is not just a technological marvel but a potential economic game-changer. Edwards, drawing from personal experience, notes a 50% surge in productivity with AI’s aid. He references a statement by Sam Altman, CEO of OpenAI, which projects that in the near future, a single programmer, with tools like ChatGPT and Copilot, could rival the productivity of 20-30 of today’s programmers.<\/p>\n

The Fed\u2019s War Chest<\/h2>\n

Aware of the looming economic uncertainties, the Federal Reserve has been bolstering its defenses. The unprecedented rate hikes, catapulting interest rates from zero to 5% in a mere year, coupled with a contraction in the money supply rate, have engendered the most stringent economic conditions ever recorded that has been weighing heavy on tradfi, Bitcoin and crypto.<\/p>\n

The Fed’s dual strategy of high interest rates, which provide leeway to slash rates during crises, and its recent success in paring down its balance sheet by a whopping $1trillion, are central to its defensive posture. Edwards speculates on the timing of the next QE round, suggesting that given the impending election year, the Fed might be compelled to deploy its liquidity arsenal sooner than anticipated.<\/p>\n

Given the current macroeconomic tableau and the 90% of rate hikes already factored into the market as per the CME FedWatch, Edwards posits that the Fed might be compelled to infuse liquidity in the imminent future, especially if indicators like rising unemployment or plummeting consumer spending manifest. What will happen then should be clear to everyone: risk assets like Bitcoin and crypto will rally, aligning perfectly with the BTC halving.<\/p>\n

At press time, BTC traded at $26,015.<\/p>\n

\"Bitcoin
Bitcoin retraces to pre-Grayscale judgment level, 1-day chart | Source: BTCUSD on TradingView.com<\/figcaption><\/figure>\n
Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a recent report by Capriole Investments\u2019 Charles Edwards explored the Federal Reserve’s ever-expanding war chest and its potential implications for the Bitcoin and crypto market. As Bitcoin gears up for its halving in April 2024, a pivotal event that will make it scarcer than gold, understanding the macroeconomic environment becomes crucial. Why Macro Matters For Bitcoin And Crypto Edwards underscores the inherent interconnectedness of global markets, asserting, “Bigger markets drive smaller markets.” This symbiotic relationship is evident in the crypto realm, where altcoins’ performance is closely tethered to Bitcoin’s movements. Drawing a parallel with traditional markets, Edwards elucidates, “Bonds drive equities, equities drive Bitcoin and Bitcoin drives altcoins.” Contrary to the prevailing sentiment of an impending recession in 2023, the equities market defied expectations with a robust rally. This surge was not arbitrary but was propelled by the groundbreaking integration of usable AI, which has the potential to significantly augment GDP. Edwards directs attention to the NAAIM Exposure Index, a barometer of NAAIM managers’ equities exposure. The current readings of this index are reminiscent of those in June and October 2022, both of which signaled local bottoms for the S&P 500. Related Reading: Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here\u2019s Why Furthermore, the AAII sentiment survey results, which are currently moderate, could provide a more convincing buy signal if they align with the NAAIM Exposure Index. Another metric that Edwards holds in high regard is the Put\/Call ratio. This ratio offers insights into the relative bullishness or bearishness of market participants in the options market. A recent spike in this ratio suggests that the traditional finance market might be on the cusp of a near-term upward movement, Bitcoin and crypto could follow. However, Edwards tempers this optimism with a note of caution. For a more definitive bullish signal, the S&P 500 would need to breach and sustain above the pivotal monthly resistance level at 4600. A consistent performance above this threshold would dispel any notions of a transient “dead-cat-bounce.” Macro Fundamentals: A Mixed Bag The broader macroeconomic picture presents a mosaic of varying hues. The aggressive tightening cycle, a hallmark of the Fed’s recent monetary policy, is still being assimilated by the markets. With the reservoir of household savings accumulated during the Corona stimulus years now running dry, a consequential contraction in consumer spending is on the horizon. Edwards shines a spotlight on a couple of particularly disconcerting metrics: a marked decline in manufacturing, a sector whose downturns have historically been harbingers of recessions and consumer spending, which has not only dipped below its 20-year average growth rate but has done so at an alarming velocity. Other red flags in the US economic landscape include a relative rise in the cost of living as income growth, at a meager 1% annually, lags behind inflation; an unprecedented credit card debt mountain of $1 trillion; escalating delinquency rates; and a squeeze on net worth as housing prices wane in the face of dwindling demand. Yet, despite these ominous signs, the robust employment rates render any immediate proclamations of a recession premature. Edwards emphasizes the significance of the “initial claims” metric as a bellwether for unemployment trends. Related Reading: Bloomberg Analysts Raises Approval Chances Of Spot Bitcoin ETF To 75% However, the integration of AI into the workforce is not just a technological marvel but a potential economic game-changer. Edwards, drawing from personal experience, notes a 50% surge in productivity with AI’s aid. He references a statement by Sam Altman, CEO of OpenAI, which projects that in the near future, a single programmer, with tools like ChatGPT and Copilot, could rival the productivity of 20-30 of today’s programmers. The Fed\u2019s War Chest Aware of the looming economic uncertainties, the Federal Reserve has been bolstering its defenses. The unprecedented rate hikes, catapulting interest rates from zero to 5% in a mere year, coupled with a contraction in the money supply rate, have engendered the most stringent economic conditions ever recorded that has been weighing heavy on tradfi, Bitcoin and crypto. The Fed’s dual strategy of high interest rates, which provide leeway to slash rates during crises, and its recent success in paring down its balance sheet by a whopping $1trillion, are central to its defensive posture. Edwards speculates on the timing of the next QE round, suggesting that given the impending election year, the Fed might be compelled to deploy its liquidity arsenal sooner than anticipated. Given the current macroeconomic tableau and the 90% of rate hikes already factored into the market as per the CME FedWatch, Edwards posits that the Fed might be compelled to infuse liquidity in the imminent future, especially if indicators like rising unemployment or plummeting consumer spending manifest. What will happen then should be clear to everyone: risk assets like Bitcoin and crypto will rally, aligning perfectly with the BTC halving. At press time, BTC traded at $26,015. Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":549684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,2007,7918],"class_list":["post-549682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-fed","tag-federal-reserve"],"acf":[],"yoast_head":"\nImpact Of The Fed's Growing War Chest On Bitcoin And Crypto<\/title>\n<meta name=\"description\" content=\"Charles Edwards explored the Federal Reserve's ever-expanding war chest and its potential implications for the Bitcoin and crypto market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impact Of The Fed's Growing War Chest On Bitcoin And Crypto\" \/>\n<meta property=\"og:description\" content=\"Charles Edwards explored the Federal Reserve's ever-expanding war chest and its potential implications for the Bitcoin and crypto market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T09:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T10:43:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"How Bitcoin And Crypto Are Impacted By The Fed’s Growing War Chest: Report\",\"datePublished\":\"2023-09-01T09:00:50+00:00\",\"dateModified\":\"2024-06-11T10:43:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/\"},\"wordCount\":856,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"fed\",\"federal reserve\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/\",\"url\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/\",\"name\":\"Impact Of The Fed's Growing War Chest On Bitcoin And Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538\",\"datePublished\":\"2023-09-01T09:00:50+00:00\",\"dateModified\":\"2024-06-11T10:43:20+00:00\",\"description\":\"Charles Edwards explored the Federal Reserve's ever-expanding war chest and its potential implications for the Bitcoin and crypto market.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538\",\"width\":1024,\"height\":538,\"caption\":\"Bitcoin crypto Fed\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Bitcoin And Crypto Are Impacted By The Fed’s Growing War Chest: Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Impact Of The Fed's Growing War Chest On Bitcoin And Crypto","description":"Charles Edwards explored the Federal Reserve's ever-expanding war chest and its potential implications for the Bitcoin and crypto market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/","og_locale":"en_US","og_type":"article","og_title":"Impact Of The Fed's Growing War Chest On Bitcoin And Crypto","og_description":"Charles Edwards explored the Federal Reserve's ever-expanding war chest and its potential implications for the Bitcoin and crypto market.","og_url":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-09-01T09:00:50+00:00","article_modified_time":"2024-06-11T10:43:20+00:00","og_image":[{"width":1024,"height":538,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538","type":"image\/png"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"How Bitcoin And Crypto Are Impacted By The Fed’s Growing War Chest: Report","datePublished":"2023-09-01T09:00:50+00:00","dateModified":"2024-06-11T10:43:20+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/"},"wordCount":856,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538","keywords":["bitcoin","btc","btcusd","crypto","fed","federal reserve"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/","url":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/","name":"Impact Of The Fed's Growing War Chest On Bitcoin And Crypto","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538","datePublished":"2023-09-01T09:00:50+00:00","dateModified":"2024-06-11T10:43:20+00:00","description":"Charles Edwards explored the Federal Reserve's ever-expanding war chest and its potential implications for the Bitcoin and crypto market.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538","width":1024,"height":538,"caption":"Bitcoin crypto Fed"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"How Bitcoin And Crypto Are Impacted By The Fed’s Growing War Chest: Report"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Bitcoin And Crypto Are Impacted By The Fed’s Growing War Chest: Report","url":"http:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/how-bitcoin-crypto-impacted-fed-war-chest\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","fed","federal reserve"],"dateCreated":"2023-09-01T09:00:50Z","datePublished":"2023-09-01T09:00:50Z","dateModified":"2024-06-11T10:43:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Bitcoin And Crypto Are Impacted By The Fed’s Growing War Chest: Report\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/how-bitcoin-crypto-impacted-fed-war-chest\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/how-bitcoin-crypto-impacted-fed-war-chest\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"fed\",\"federal reserve\"],\"dateCreated\":\"2023-09-01T09:00:50Z\",\"datePublished\":\"2023-09-01T09:00:50Z\",\"dateModified\":\"2024-06-11T10:43:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/641b4205a3d6ea56d70014e4_How-the-most-recent-Fed-decision-may-impact-cryptocurrency-pricing.png?fit=1024%2C538","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549682"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=549682"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549684"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}