Ryan Myher Quoted in Forbes, Bitcoin Rallied More Than 6% Today—Here's What Happened
After Bitcoin broke through $80,000 with a 6.3% daily gain, Forbes quoted Ryan Myher's read on what drove the rally.
What Ryan Said
“Bitcoin moved sharply higher on Thursday after Federal Reserve Governor Chris Waller said he could support leaving interest rates unchanged at next month's meeting if incoming inflation data continues to move in the right direction.”
“The comments reassured investors that the Fed may not need to tighten monetary policy further, prompting markets to quickly scale back expectations of a September rate hike. That shift weakened the US dollar and pushed Treasury yields lower, creating a more favourable environment for Bitcoin and other risk assets.”
— Ryan Myher, COO of Genius Terminal, as quoted by Forbes
About Ryan Myher
Ryan Myher is a 2X entrepreneur and Co-Founder & COO of Shuttle Labs, the company behind Genius — a cross-chain trading terminal backed by YZi Labs, Anthony Scaramucci, and Balaji Srinivasan, with CZ as an advisor. He is regularly quoted on Bitcoin, Ethereum, and crypto policy by outlets including Forbes, TheStreet, and The Block. Learn more about Ryan or see all press coverage.