THIS COULD BE THE BEST THING FOR BTC AND ALTS
US Inflation has started to cool, and rate hike odds are going down.
Yesterday, US CPI dropped to 3.5%, its lowest level in 3 months.
Today, US PPI dropped to 5.5%, its lowest level in 2 months.
This has also pushed down the rate hike odds from 45% to just 9%.
Along with this, the Fed is pumping liquidity into the markets.
Low Inflation, less chance of rate hikes and liquidity injection is exactly what has started major rallies in $BTC and alts.
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THE RBI IS FIGHTING A BATTLE IT ALREADY LOST.
India already has 39M+ crypto users, FIU-registered exchanges, and billions in disclosed crypto assets.
Trying to push crypto away now won’t make it disappear, it’ll just push more people offshore.
You can’t ban adoption. You can only decide whether you want it to happen inside the system or outside it.