FED Macro Update from the CIO

Valkyrie CIO offers a mid week update covering the FED's announcements on raising employment rates, completion of their tapering program, and that they will only be holding treasuries going forward. 

McClurg believes the first rate hike will take place in May, and he predicts a 5-8% drop in equity markets over the next few weeks. 

Now is a good entry point to the crypto markets for long term value. 

He closes out the lightbulb episode with his prediction that the end of the year will hold more All Time Highs for Bitcoin.