@PeterLBrandt It will be better to fix the problem than give out a few trillion in forgiveness and then let the debt build again the next few years but people like the easy fix so they can kick the can down the road
CPI is not an increase in money supply.
CPI factors tech innovations, productivity gains and quality improvements in addition to money supply increase. It's the decrease in purchasing power.
USD CPI ~ 2%
USD money supply increase ~ 6.7%
Confusing both are called inflation.
$BTC
Still waiting on the daily close.
Bouncing from support, if we close the daily back within the $8200-$8400 range I think we'll bounce higher.
If we lose $8200 on a closing basis, looking a low $7000s.
Monthly close tomorrow, I think June is red, happy to be wrong though.
If BTC crashed to $100 a coin would you buy and hold? What about $10? $1? At what price would you leave the space and say "bitcoin is dead"?
Note: Bitcoin will never actually be this low again