Investment Data Analyst by day, #Bitcoin twitter by night. BTC is the ticket to financial freedom and a fair monetary system. No more corruption of money
Ummm are we seeing this right now?! I just put the 1929 Great Depression DJI fractal next to current era DJI
Wow this lines up w/ @DaveHcontrarian melt up into a blow off top by roughly end of year, which is also confluence w/ what @TechDev_52 and I believe to be #bitcoin’s peak
@Mxr_dnl@WatcherGuru No one here mentioning retirement accounts. If you have money tied up in a self managed 401k or Ira you obviously can’t self custody and need to buy the etf
@davthewave I don’t see it so much politicaly, but rather you’re asking a bunch of bitcoiners, not surprised of the results. “Order” in the form of money always ends up being abused at some point so there’s not trust there. Freedom can lead to order, but order doesn’t usually lead to freedom
@AdithiaKusno After Powell talk, what are your thoughts if we do actually get a cut in sept? Everything nukes higher until then and then that’s the peak? Btc peak first then alts and spx in October?
@AdithiaKusno If you were to say bitcoin tops now or soon I would be good with this logic, but if btc were to hit $160k is it possible for MSTR to barely make a new high or double top? I feel like bc last cycle was wycoff and this cycle is more parabola it’s slightly different? MSTR rsi is low
Kansas City Fed President Jeff Schmid, an FOMC voter this year, prefers keeping rates where they are:
"I see no possibility that we will know the effect of the tariffs on prices, either as a one-off shock to the price level or a persistent inflation impetus, over the next few months. Also, I promise that you will not hear me talking about inflation excluding tariffs, which I think is neither a meaningful nor a measurable concept."
"I am anticipating a relatively muted effect of tariffs on inflation, but I view that as a sign that policy is appropriately calibrated rather than a sign that the policy rate should be cut."
"With the economy still showing momentum, growing business optimism, and inflation still stuck above our objective, retaining a modestly restrictive monetary policy stance remains appropriate for the time being."
"While monetary policy might currently be restrictive, it is not very restrictive."
"Given recent price pressures, a modestly restrictive stance is exactly where we want to be."
"With stock prices near record highs and bond spreads near record lows, I see little evidence of a highly restrictive monetary policy."
https://t.co/mO04Sp085X
@AdithiaKusno Any take on good cpi read today which signals we are all systems go for a rate cut in September? I secretly wanted higher print to delay rate cut. Wondering how we delay now, it’s at 90% chance for a cut. Maybe better jobs numbers coming soon?