For years, Gold bugs laughed at Bitcoiners on 30% drops and said "sOmE sToRe Of VaLuE"
Then Gold dropped 30% and Bitcoiners said the same thing back.
The truth is that whether you bought BTC or Gold in late 2017, your return is about the same today.
But I guess it's more fun for both sides to just throw shade back and forth
Odds of a rate cut are now 80%.
The shift has been driven more by statements by officials than any new data.
The Fed is at one of the most divided times in history.
What is clear is if there is no cut, the Santa rally turns to a Santa dump.
December rate cut locked in.
PPI came in at 0.3% which was expected. The core number even came in slightly lower at 0.1% vs. 0.2% expected.
At the same time, ADP private payrolls collapsed by -13.5k vs. -2.5k previous.
Employment a bigger concern now.
JUST IN: 🇬🇧 UK Reform leader Nigel Farage promises to create a Bitcoin Reserve if elected Prime Minister.
"Bitcoin is scarce, secure and impossible to inflate away. Unlike paper money, Bitcoin cannot be printed into worthlessness."
Last cycle, ALT/BTC pairs found a major low at 0.25, which corresponded to the end of QT.
Perhaps, and I know this may sound crazy, ALT/BTC pairs go to 0.25, and then QT ends in December
Hey Billie, big fan here. I noticed you’re playing in New Orleans next week, on of the poorer cities in USA and the lowest prices seat is $129. Why not make all the seats free.