If you think the Fed will stop hiking, look at Bitcoin

M

Maverick2608

If I was Chair of the Federal Reserve, I would continue hiking until Bitcoin was below at least 1.000. That is probably the best marker for when inflation will be under control.
 
Of course they won't surrender to fighting inflation. The market completely got this one wrong. Some in Canada are even speaking of BoC rate cuts this year. Ludicrous how easily some are swayed by some minor news.
 
Baron said:
I'd love to know how you arrived at that conclusion. Please explain.
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Bitcoin is assumed to be an inflation hedge. If inflation was under control the price of bitcoin would collapse His thesis is correct. His target of1000 is like a newspaper headline to grab your attention.
 
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Maverick2608 said:
When banks fail while crypto make a hyperbolic move up, it is a solid marker the economy is still firmly in bubble terretorry.
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No, when banks fail, it calls into question the stability of the traditional banking system in the minds of deposit holders, so they take their money out of the banks and then put it into BTC so they can self-custody their wealth.
 
I have to agree with this as much as I don't believe in cryptos as a viable solution. For one of the first times I saw equities getting obliterated and a flight to safety and large inflows into bitcoin as well. That was not the norm before.

Baron said:
No, when banks fail, it calls into question the stability of the traditional banking system in the minds of deposit holders, so they take their money out of the banks and then put it into BTC so they can self-custody their wealth.
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