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 / Gradual Uninteresting:

The United States Fed elevating rates of interest sooner than anticipated is riding the crypto crash, tech layoffs, and extra, as corporations worth “money now” over long-term bets  —  Upper rates of interest pressure the Bitcoin crash, tech layoffs, and the entirety else

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