The Federal Reserve increased interest rates by 75 basis points for the third consecutive time. The modified announcement revealed that the federal funds rate might increase to 4.4% by the end of this year and to 4.4% in 2023. It has been a terrible decade for commodities and an outstanding one for #bitcoin , and 2022 may prove the higher-price remedy to be more potent than ever, so benefiting the cryptocurrency. With the Federal Reserve's monetary tightening nearing its conclusion, Bitcoin's risk-to-reward ratio may be shifting toward resuming its persistent upward trajectory. Commodities and cryptocurrencies started the year in different directions. As the majority of commodities reached fresh record highs, the cryptocurrency market experienced huge losses. Bitcoin, for instance, plummeted more than 70% from its record high of $69,000 last year. The lowest-ever crypto volatility relative to the Bloomberg Commodity Index (BCOM) could presage a return of Bitcoin's tendency to outperform. When looking at Bitcoin versus gold, Bloomberg Intelligence sees the former likely outperforming the latter in the long-term as it could be transitioning to become a "high-beta version of gold and U.S. Treasury bonds
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Commodity Central 
Reputation: 8,144 • Sep 28, 2022 2:43 AM
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MCX:GOLD 05OCT2022 price when posted: 49,400
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