SummaryRiot Blockchain has suffered as a result of the price of Bitcoin plunging, but the company is positioning itself well for the inevitable increase in the price of Bitcoin.Why I see the drop in September Bitcoin production as a temporary situation.What the impact of the policies of the Federal Reserve will be on RIOT over the next five months, and why it should benefit RIOT shareholders.Barring unknown negative catalysts, RIOT should significantly turn around in 2023.Riot Blockchain (RIOT) has been riding the Bitcoin (BTC-USD) rollercoaster, with the price of Bitcoin plummeting throughout 2022; although it appears to be consolidating now that there's more clarity concerning what the Federal Reserve is doing concerning reining in inflation.What remains to be seen in that regard is how long the Fed will remain aggressive, and when it pulls back because of the risk higher interest rates pose to the approximate $31 trillion in U.S. debt.During this period of time, RIOT has seen its Bitcoin production drop in September because of an increasingly competitive market; I see that as a temporary situation that will be remedied over the next several months because of the company increasing its hash rate.In this article we'll look at the timeframe I see as when the Fed is likely to reduce how much it's going to increase interest rates, what the implications that will have on the price of Bitcoin and the share price of RIOT, as well a...
Will Ethereum Price crash More Next week??
