Bitcoin's 'Mayer Multiple' Nears Point of Undervaluation Ahead of Fed

Bitcoin's 'Mayer Multiple' Nears Point of Undervaluation Ahead of Fed


“It would be an incredible surprise if the Fed didn’t lift rates by 50bp at this meeting – this is well priced, with the swaps market pricing 51bp of hikes – where we do see an issue is pricing around the June FOMC meeting, with a 25% chance of 75bp hike – this seems a tad lofty, but it has come down from 50% last week,” Chris Weston, head of research at Pepperstone, wrote in the Daily Fix newsletter.

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