Bitcoin (BTC) dropped to as low as $18,183 after the Consumer Price Index (CPI) data was released on Thursday. The Labor Department reported consumer prices in September rose 8.2% from the same month last year and 0.4% from August. Measured by “core CPI”, which excludes volatile food and energy prices, U.S. consumer prices advanced to a 40-year high in September.
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~CPI Data Report | Inflation Effects on Crypto Markets~
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28 Comments
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Pepsi products are an addictive product
Hit the 'Like' button and help others… 🤣
Simple luxury of a bag of potato chips???WTF???
Sup
Love these videos
100 base point rise is on the cards i think
Make sure you all hit that like button! Let's support Paul and his team. They work extremely hard to put out some of the best content available.
EVs are the biggest scam yet
Price hikes are BS they are extorting the happiness of kids
I don't know who needs to hear this!Stop relying on the government and savings. Invest some of your money if you want financial stability, having several income streams is not a bad idea
70% Change of 0.75 and 30% of 1.00% Rate Hike
9 Feb. 2022 Brent at 92USD, DXY at 95
13 Oct. 2022 Brent at 92USD, DXY 113+
The price may be the same on two different days, but the cost to a non-US country is greater on the day with a higher DXY.
The Energy narrative is heating up.
U.S. elections are approaching.
U.S. Strategic oil reserves cannot continue to flow and must stop in November.
Europe feels the temperatures dropping as energy prices rise.
Putin continues to escalate tensions.
My guess…
The FED will increase interest rates another 0.75% in November.
Foreign currency flows towards the U.S. and pushes the DXY up, which means that BTC is pressed down in late November/early December.
Gee… I can’t wait for everyone to lose their job and deflation to kick in to risk assets can goto the moon!! – This is 2022
The owners of market, first to gain a lot of money, second to save the market, are manipulating the market. They have done the same thing three months ago when fed announced interest rates higher than ecpected. In first 15 minutes stocks have gone down as expected, but then unexpectedly stocks have jumped up by selling the lie which fed will not be aggressive in the coming months. This lie lasted two days and the market went down to numbers where it should have been. I think we will see the same thing tomorrow and in the coming week. Market will suddenly remember inflation is high and fed will still be aggressive and it will crash down.
Crypto needs it own AOL to come along and make it easy for your average person.
Hey Paul I recently sold some stocks at a loss because of the inevitable but I'm gonna recoup my losses with crypto!
Buying power goes down, each dollar buys less of the commodity that is BTC. Fed fights inflation by reducing the money supply, less money out there(can’t increase market caps with less money.) institutions still must wait on regulation before they can even legally put lots into crypto.
Crypto can get back to ATH once the first two issues are normalized but SIGNIFICANT new ATHS won’t happen before institutions have a legal framework they can operate in.
Great show! How about SOLO – Sologenic? +300% last 10 days!
Thank you Paul for the video! Is the Tax Cryptocurrency video helpful for people in Canada?
Move over Rolex, a bag of chips is the new luxury item to own. SMH…
Def interested in the crypto tax course man. I got killed last year!! going to check it out.
No worries Paul, I haven't sneezed once in 15 years ….lol!
Another way to be inflation. Is to ramp up domestic production. Why not have a guest worker program
It'll keep getting worse from here guys. Hide your hands nd stay safe. I already have my tokens staked from TakePile. Chose a solid DeFi protocol of your own nd lock those babies. The next few months would be good for us I'm sure.
Gov fake CPI 8%
Real inflation 16%
🙄
Brillian<t analysis of the different things to watch for on the different time frames. Good to see everyone feels the same way when they lose money, everyone thinks they could do this or that with that money which is as good as gone, instead people refuse to seek help from professionals, Edward Joseph James set to be different and unique, I have made about $470k already from his day trading with just my initial start up of $85k, all i did was to copy his daily signals, am done having heart breaks hodling and trading myself lol.
Pepsi is addictive, so people will buy it regardless. Also, Food, Shelter, Water are all you need to survive, so any of those three categories should still have demand regardless.