Bitcoin is about to test the adage ‘Don’t fight the Fed’
The warning echoes the old adage of “don’t fight the Fed”, coined in 1970 by the late investor Martin Zweig, who was pointing out the strong correlation between Fed policy and the sharemarket. Bitcoin rose as much as 2.1 per cent on Tuesday (Wedneday AEDT) and was trading near $US23,000 as of 8.30am AEDT.