Thrifty Thinking: Fed Hike and Cryptocurrencies

With the Fed increasing the interest rates, how will this affect cryptocurrencies?  David Drake, CEO of LDJ Capital, a financial family office, has been following the currency as well as many other digital assets and he can speak to the pluses and minuses of the digital gold. He has this to say about Crypto and the increase, “The Fed Hike can convince people that the economy isn't helping individual savings, thereby making cryptocurrency by media more attractive and it could influence them as a hedge against increasing interest rates as a new investment asset. However, nobody should by any means put a majority of their money into crypto assets. I think investment advisors are badly needed in this investment space and they need a mechanism, like the one we have created in Cayman to allow them to manage their client's accounts at LDJ Capital. Investors should be looking for Advisors who understand these digital investments."