#nostr #bitcoin
🏦Jerome Powell cut interest rates by 50 bps for the first time in 4 years.
Why does #bitcoin go up when interest rate goes down? 🤔
#asknostr
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Cheaper to borrow money, so more money can move faster. Generally this money flows into investing in business labor, materials, and ‘risk-on’ assets, such as bitcoin, gold, and the stock market.
Makes sense 👍
