The Wall Street Journal reports..
JPMorgan. Bank of America. Citigroup. Wells Fargo is collaborating to develop digital currency. This move will further depress #bitcoin starving it of "attention" and fund inflows.
AI could push #Bitcoin sovereign adoption and demand if there is a need for..
Machine-to-machine payments.
Cross-border micropayments.
Decentralized compute markets.
Decentralized identity system.
Hugely disappointing that #Bitcon has failed to behave the way it was projected to. Considering increased uncertainties, war, AI, govt debts, it's a good time for Cryptos to rally but …….
The incoming Fed Chairman's favourite inflation gauge -the Dallas Fed’s Trimmed Mean PCE Deflator over Core PCE, suggests a more benign inflation read which is where the underlying call for a rate cut springs from.
It's tragic and comical at the same time that Mitch McConnell after four decades in Congress as king maker ,Lord ,etc he does not have the clout ,zero pull to annoit his own successor. Again that's the ultimate symbol/confirmation of the shift
NVIDIA reports tomorrow and Walmart reports on Thursday. NVIDIA alone now accounts for approximately 8% of the S&P 500, and the stock market is increasingly focused on AI. Both events are likely to have more impact than the FOMC this week.
The incoming Fed Chair is tilting towards QT and a rate cut with a hawkishThe liquidityuidity drain effect that a means firm er USD(DXY apprec.iates) Tighter financial conditions are negative for Bitcoin.