Wasted an hour of my life today listening to j. powell. i’m convinced they’re cutting rates soon and aggressively. maybe 100 to 125 bps over the next 12 months. the implication of this for bitcoin is huge. the new era of qe has already started, it just hasn’t been reflected yet.
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Powell might’ve just lit the fuse and markets just haven’t noticed yet.
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Powell talks to people who don't have social media or TV or newspaper .. but then those people can't see him 😔
I guess Fed has pigeons 😭
So many possibilities, I've been of the opinion the attack on Bitcoin purchasing power can occur from the central bank for a short period of time.... That is until other things start to break which rely on debt.
Summary; things could be depressed for a while in an effort to break the Bitcoin "cycle"
Hash power is the signal in the short term
I think he's scared to cut because of what happened to the long end last time.