Bitcoin has crashed every single time a new Fed Chair was sworn in
On May 15, Jerome Powell officially steps down and Kevin Warsh takes his seat. And there’s one interesting pattern here 👇
— Yellen comes in (2014) → BTC -80%
— Powell (2018) → BTC -74%
— Powell (2022) → BTC -62%
The pattern is compressing every cycle. Following that logic, Warsh could bring ~-50%. So is the market maturing, or is the pattern dying precisely because everyone already knows about it?
Current macro picture Warsh is inheriting: BTC near €69K, US inflation at 3.3%, rates at 3.5–3.75%, oil around €92–95. One of the messiest handoffs in Fed Chair history.
Worth noting that Warsh is one of the rare Fed candidates who publicly called Bitcoin “an important asset.” Whether that breaks the pattern is an open question.
The market has known for three months he’s coming, so if the pattern holds, it may have already partially played out. Maybe the current correction is that crash, just spread out over time.
But crashes usually happen without warning. This one was announced. So what happens to a predictable crash? Either it gets played out in advance, or it doesn’t happen at all because everyone's already in cash.
Sorry for this. Now we can issue you a USD Visa card. We accept Ukrainians (with Ukrainian Proof of Address, as well). For now, there is no fee for payments is USD, however, there is a fee from provider and Visa, when you pay in another currency.
We will implement EUR cards soon with another provider, so you will have possibility to chose what you like.
If you had our card before and want to issue USD card now, please contact support via chat in the app.
We will be happy to see you again with us 💔
JUST IN: Michael Saylor's Strategy proposes selling some Bitcoin to pay dividends.
"You buy Bitcoin with credit, you let it appreciate, and then you sell Bitcoin to pay the dividend."
Bitcoin has crashed every single time a new Fed Chair was sworn in
On May 15, Jerome Powell officially steps down and Kevin Warsh takes his seat. And there’s one interesting pattern here 👇
— Yellen comes in (2014) → BTC -80%
— Powell (2018) → BTC -74%
— Powell (2022) → BTC -62%
The pattern is compressing every cycle. Following that logic, Warsh could bring ~-50%. So is the market maturing, or is the pattern dying precisely because everyone already knows about it?
Current macro picture Warsh is inheriting: BTC near €69K, US inflation at 3.3%, rates at 3.5–3.75%, oil around €92–95. One of the messiest handoffs in Fed Chair history.
Worth noting that Warsh is one of the rare Fed candidates who publicly called Bitcoin “an important asset.” Whether that breaks the pattern is an open question.
The market has known for three months he’s coming, so if the pattern holds, it may have already partially played out. Maybe the current correction is that crash, just spread out over time.
But crashes usually happen without warning. This one was announced. So what happens to a predictable crash? Either it gets played out in advance, or it doesn’t happen at all because everyone's already in cash.
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