50bps rate cut today https://i.nostr.build/rDWfkYv5NFHV9pT4.jpg
Yeah but they’ll print way sooner this time. No qualms about printing trillions now. It’s bullish #bitcoin and any other scarce asset classes.
If they are doing this because a recession about to hit us in the face then short term it could be bearish. We shall see. As long as we stay above 55k for now the Dream of ATH in the short term is alive and well. 🚀 UPTOBER AROUND THE CORNER.
I think any macroeconomic calamity will be similar to the regional bank crisis in March ‘23 … bitcoin will be utilized as a safe haven. We may have crossed the rubicon … they held their line as long as they could. As soon as they start buying treasuries because the auctions suck it’s gonna be bangin’ 🤙🏼😛💪🏼
What do we think will be the drawn down for BTC from right here? 50%? 80%?