Crypto
Tiger Securities Bolsters Bitcoin Outlook Despite Rate Hike Fears
Tiger Securities has upgraded its outlook on Bitcoin despite near-term headwinds from potential Federal Reserve rate hikes.
The firm maintains a buy rating on Bitcoin, citing strong returns over the last three months. The platform's Financial Health score rates Bitcoin as 'EXCELLENT'.
Tiger Securities noted that two or three 25 basis point rate increases could weigh on Bitcoin if they lift real yields and tighten liquidity. However, the impact would be more manageable if stronger productivity supports risk appetite and tightening ends without a recession.