Tech

The US Fed raising interest rates faster than expected is driving the crypto crash, tech layoffs, and more, as companies value "money now" over long-term bets (Matthew Yglesias/Slow Boring)




Matthew Yglesias / Bored slow:

U.S. Fed rate hikes faster than expected are leading to crypto demise, tech layoffs, etc., as companies value “money now” more than long-term bets– Higher interest rates lead to Bitcoin crashes, tech layoffs and everything else

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