- The market’s response is a positive indicator as per Santiment.
- Mr Wozniak’s remarks come after a near-typical rollercoaster week for Bitcoin.
Following the announcement of an interest rate rise by the Federal Open Market Committee (FOMC), Bitcoin and the rest of the cryptocurrency market have experienced a surge in price. According to Santiment’s on-chain analytics, the trend may continue shortly.
According to blockchain and crypto-analysis firm Santiment’s tweet after the FOMC news, the crypto market can now claim to have been put through its paces in anticipation of future monetary policy changes. According to the on-chain market behavior data, the first-rate rise since 2018 resulted in a price rebound for Bitcoin and a spike for other cryptocurrencies.
Optimistic Sentiment
The market’s response is a positive indicator as per Santiment. This suggests that the market has “partially” prepared itself for the FOMC’s decision earlier. Because of market speculation alone, Steve Jobs, co-founder of technological behemoth Apple, predicts that Bitcoin’s price will surge shortly. In an interview on the Wild Ride with Steve-O podcast, Steve Wozniak said that he has personally dabbled with cryptocurrencies but that he is not “in it to make money.”
Wozniak told the podcast:
“Just recently, I think that Bitcoin is going to go to US$100,000.”
People investing in cryptocurrencies, according to Mr Wozniak, who co-founded Apple Inc. with business partner Steve Jobs in 1976, face a significant amount of risk. While he believes Bitcoin is safe because it is “the big elephant on the block,” Mr Wozniak believes a significant amount of risk is involved. Mr Wozniak’s remarks come after a near-typical rollercoaster week for Bitcoin, swinging back and forth between several geopolitical crises and an equal number of price swings in recent weeks.
