crypto is best place to store wealth if fed rate hike crash markets says pantera ceo

Crypto is ‘best place’ to store wealth if Fed rate hike crash markets, says Pantera CEO

Bears continue to dominate sentiment, with more downsides likely amid inflation and geopolitical concerns.

Dan Morehead says if interest rates rise, equities and real estate will become less attractive, leaving blockchain assets as the best store of value.

Pantera Capital CEO Dan Morehead has said that crypto remains the “best place” for investors looking to store their wealth if US Federal Reserve’s interest rate hikes take the shine off equities.

In a newsletter published Wednesday, the Pantera chief pointed to the concerns across the markets over the Fed’s potential direction as it begins to hike rates in the wake of runaway inflation.

Read more: Source coinjournal