nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgz90ctm065h4pz6p5063lk6n9m9jencuw5273kuvecagrs9pn5905ufzq6c gets the credit for this excellent post today...
We just experienced the most chaotic week in markets since 2020.
Pure carnage across all asset classes.
And Bitcoin bottomed at $75K. A price that many of us were dreaming of just 5 years ago during the covid panic.
Now we're back at $85K as both the Fed and Trump have made it clear that they will do whatever it takes to prevent bond yields from blowing out.
"Whatever it takes" ultimately all leads in one direction: The Fed stepping in as a buyer of bonds with fake money.
That alone is a catalyst for BTC.
But consider this: This week terrified a lot of people out of their Bitcoin. We've shed loads of weak hands since topping above $100K.
And now the most reliable long term indicators have reset.
We aren't even close to overheated and we're at $85K.
What happens if we get Bit bonds? What happens when the Trump admin starts acquiring BTC?
Who's going to be selling now that a lot of would-be sellers have already been shaken out?
This past week was about pricing in a complete nuking of the existing global economy.
Now it's being slowly walked back piece by piece.
I've been leaning bearish and setting expectations low since $96K in February.
But tonight, with my ear to the ground, I'm starting to hear the rumblings of the bulls.
They're charging in from a distance, ready to slay some bears.
Trump and the Fed both blinked this week.
The bond market is the funding mechanism of a government that runs a multi-trillion dollar deficit.
It will be respected.
And if it demands tribute, Jay Powell won't hesitate to sacrifice the dollar.
I don't know how high we go in 2025.
But I'm starting to think this past week will look like a generational buying opportunity by this fall.
And those who panic sold will rue the day they forgot what they owned.
