$1,000 follows their calls into $1,039
LondonCryptoClub@LDNCryptoClubBe interesting to see how the market trades on the Saylor news When he sold 32 BTC back in May it appeared to have a big negative impact although maybe that also timed with an increasingly hawkish pricing of the Fed…a dynamic which is slowly reversing If we hold and reclaim
LondonCryptoClub@LDNCryptoClubCore PCE coming in at 3.0% Vs 3.3% expected Rate hike odds for October tumbling (Williams yesterday already saying “no need for urgency” on rate hikes) Don’t actually feel, in a world of fiscal dominance, that the Fed have been a big driver of Bitcoin or risk more broadly But
LondonCryptoClub@LDNCryptoClubSoft payrolls 29k Vs 89k exp and down from a downwardly revised 133k Unemployment rate ticks up to 4.2% from 4.1% Average earnings tick down from 3.1% to 3% Not going to massively move the needle for the Fed but enough for markets to take out some of the hawkish pricing
LondonCryptoClub@LDNCryptoClubMonetary expansion and consequent liquidity ebbs and flows in a cyclical fashion yet it is always up and to the right Debt based fiat economies have little choice as the debt intensity of growth rises (more units of debt required to produce one unit of growth) they need to
The Kobeissi Letter@KobeissiLetterChina’s is seeing unprecedented money supply growth: China's M2 money supply is up to a record ~240% of GDP, the highest among any major economy in the world. This metric has surged +100 percentage points since the 2008 Financial Crisis. Over this period, China’s M2 money
LondonCryptoClub@LDNCryptoClubReckon we’ll see a little bit of Sunday chop/consolidation in Bitcoin then Asia come in and take us to $65k in the overnight session Still lot of shorts need squeezing out Bit early to be calling the lows and start of a bull market given how closely we have been following the
