Home Bitcoin News First Mover Americas: Fed Hikes May Drive Bitcoin Adoption in Rising Markets – CoinDesk

First Mover Americas: Fed Hikes May Drive Bitcoin Adoption in Rising Markets – CoinDesk

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The Fed tightening is a serious threat, significantly for currencies of EMs operating present account deficits. The deficit happens when a rustic sends extra money overseas than it receives, leaving the home foreign money weak to elevated borrowing prices elsewhere. Thus, nations operating present account deficits, akin to Brazil, India and Pakistan, might even see sturdy demand for bitcoin.

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