August 20, 2026, 3:10PM EDT

Fed holds interest rates – what does it mean for Bitcoin?

André Dragosch, Head of Research, Bitwise Europe

Back to The Starting Block

Episode 21 of The Starting Block was broadcasted live with The Block's Head of Multimedia Gareth Jenkinson and Bitwise Europe's Head of Research, André Dragosch



Bitwise Europe Head of Research André Dragosch joins Gareth Jenkinson on The Starting Block, where he discussed the Fed's split decision to hold rates and its implications for Bitcoin, Bitcoin's relative outperformance versus tech stocks and semiconductors, the US debt ceiling debate and long-term macro tailwinds for Bitcoin, BIP 110 replay risks and the low probability of it reaching majority, and Michael Saylor's Strategy stabilizing its dividend coverage to avert forced Bitcoin liquidation.

OUTLINE
05:02 - Show Introduction
06:41 - Fed Holds Rates
07:30 - Tether USAT on Celo
08:07 - Binance US Prediction Markets
08:44 - Ostium $24M Hack
09:22 - Aave Spring Cleaning
10:50 - ARK Trims Crypto Bets
11:43 - Market Pulse: Fed Impact
17:47 - Bitcoin Bottom Outlook
19:43 - Debt Ceiling & Macro
24:27 - BIP 110 Risk
26:29 - Strategy / Saylor Update

Guest links:
André Dragosch - https://x.com/Andre_Dragosch
Bitwise Europe - https://x.com/Bitwise_Europe

Host links:
Gareth Jenkinson - https://x.com/gazza_jenks
The Block - https://x.com/TheBlockCo
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© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.