Bitcoin (CRYPTO: BTC) tapped $77,000 early Wednesday as analysts debate how the change at the helm of the Federal Reserve will impact the apex crypto.
Powell Chairs His Last Meeting
In an Apr.29 podcast, Benjamin Cowen said Bitcoin has historically performed best under loose monetary conditions.
The upcoming Federal Open Market Committee meeting is notable as it is expected to be the final one led by Jerome Powell as Federal Reserve chair, marking what Cowen described as the “end of an era.”
Despite market expectations that new leadership could introduce rate cuts, Cowen argued this is unlikely in the near term.
He pointed to persistent inflation, driven …