Hello from Leventina 🇨🇭
This morning, the Senate approved the increase in the national debt.
Let's recall that in March, banks received support in the form of dollars to maintain their liquidity. Now, with the national debt rising again, the question arises as to which options will be considered:
1. Extracting liquidity from markets/banks.
2. Monetary expansion - printing money.
On one hand, our situation has led to an unemployment rate increase of 3.7%. On the other hand, inflation continues to rise. It seems that printing money is the necessary choice here.
Activating the printing press may lead to a short-term boost in all markets, including BTC. However, it is expected that the interest rate will be raised by 0.25 percentage points.
This entire "positive" outcome will cause market declines to their previous support levels. According to my forecast:
- Bitcoin will drop to $24,000.
- S&P 500 will drop to 3,850.
- The DXY index will rise to 108.
As always, it is crucial to stay informed and be prepared for the fact that the market loves surprises! 🎢
Not financial advice. Please do your own research.
@elonmusk@cb_doge It would be better if you put the affiliate badge at the bottom under the name. Because the round verification icon looks terrible in front of the square ones.