"This confluence of Fed hikes and investor naivety \u201cpresents the setup for a severe washout\u201d as the \u201cpernicious effects of rising interest rates on future cash flows will likely prompt speculators and investors at the margin to dump or severely reduce their crypto holdings.\u201d - Nik Bhatia\n\nWe take a little break to discuss the crazy state of the markets right now, and how this could affect the Bitcoin price in the short term. Nik Bhatia summarizes the bearish warning from Arthur Hayes and digs into the possible course of action for the Federal Reserve, and how that could dictate what the Bitcoin price does in the short term. Are you ready? Listen to find out more\n\nLinks to both Bhatia's as well as Hayes's article below for further exploring:\nhttps://thebitcoinlayer.substack.com/p/arthur-hayes-bitcoin-could-be-heading\nhttps://cryptohayes.medium.com/maelstrom-ee6021e9d0c2\n\nFor the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:\n\u2022 Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE)\n\u2022 Buy Bitcoin automatically and painlessly with SwanBitcoin\n\u2022 Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY)\n\u2022 Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN)\nLearn more about your ad choices. Visit megaphone.fm/adchoices\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message