I wonder how many more times Warsh can talk about hiking interest rates to fight inflation, without ever actually hiking them, before investors stop reacting to his words. Once words no longer affect markets, Warsh will face far more substantial market pressure to act. Got gold?
Some moon math for BTC:
- Total pension fund assets: ~$70T
- 1% of pension fund assets: $700B
- Assumption of conservative 10x multiplier for mkt cap increase per dollar inflow
- Bitcoin current market cap: $1.5T
Any minor fixed allocation/inflows would send corn multiples...
Initial jobless claims up to 206k vs. 205k est. & 204k prior; continuing claims at 1.779M vs. 1.784M est. & 1.771 prior… greatest increases in NY (+4.6k), HI (+0.5k), & CA (+0.4k); greatest decreases in NJ (-0.9k), PA (-0.6k), & OH (-0.6k)
$ETH has been chilling out for a few days now.
On the high time frame, my power of 3 is still perfectly valid; the expansion we were expecting is still playing out perfectly.
Now what is important is to hold above the flipped resistance level at $2300. If we hold above, my target should be reached in due time.
https://t.co/dPlnQzkFNe
The majority of all people, say 80-90% will never know there was a rare generational technological transformation across the entire planet.
Right in front of them.
But we saw it.
🚨 JUST IN: Treasury Secretary Scott Bessent just dropped a truth nuke OF THE AGES
"People don't want to admit it: where ICE goes, RENTS GO DOWN."
"Was it 10, 15, 25 million illegals? There's NO new housing stock. So you saw rents go through the roof."
Mass deportations solve almost any problem you can think of in your head.
Every. Problem.
@AndrewKolvet