Fed Hikes Could Drive Bitcoin Adoption in Emerging Markets

Fed Hikes Could Drive Bitcoin Adoption in Emerging Markets

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The Fed tightening is a major risk, particularly for currencies of EMs running current account deficits. The deficit occurs when a country sends more money abroad than it receives, leaving the domestic currency vulnerable to increased borrowing costs elsewhere. Thus, countries running current account deficits, such as Brazil, India and Pakistan, may see strong demand for bitcoin.



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