Higher interest rates will reveal skeletons in the closet in crypto industry says research organization

Higher interest rates will reveal skeletons in the closet in crypto industry says research organization

Higher interest rates will reveal skeletons in the closet in crypto industry says research organization

Summary : Higher interest rates will reveal skeletons in the closet in crypto industry, says research organization.

Higher interest rates will reveal skeletons in the closet in crypto industry: Research organization

Martin Chorzempa of the Peterson Institute for International Economics discusses Binance’s plans to buy FTX and whether the deal signals there will be more “casualties” to come as interest rates rise. He adds that when rates rise, “a lot of skeletons that have been waiting in the closet in highly speculative, highly leveraged markets tend to come out.”

Higher interest rates will reveal skeletons in the closet in crypto industry : Research organization

Martin Chorzempa of the Peterson Institute for International Economics discusses Binance ‘s plans to buy FTX and whether the deal signals there will be more “casualties” to come as interest rates rise. He adds that when rates rise, “a lot of skeletons that have been waiting in the closet in highly speculative, highly leveraged markets tend to come out.”