“If THIS isn’t bullish for #Bitcoin, then what is? 🤔

    https://i.redd.it/g6d2cj3ngcof1.jpeg

    Posted by DardMiner1982

    18 Comments

    1. GeneralBlacksmithy on

      I would think normally it is bullish but this rate cut is because of stagflation fears. Not because inflation is controlled. That might limit the upside no?

    2. Interest rates so far had not much to do with BTC, so dnt get your hopes too high. It did impact alt coins though so lets see

    3. Certainty is already high. After whatever short term action we get on CPI/PPI happens rate cut’ll be priced in.

    4. It all depends if they are dropping rates into a soft landing, or into a hard landing recession. In a hard landing recession situation it’s more likely everything goes down.

    5. GettingFasterDude on

      In my opinion, what they do with rates in the short term doesn’t change that we are guaranteed continued inflation in the long run. The only truly bad news for bitcoin would be if governments went back to the gold standard, which will never happen because politicians can’t give up their easy-money heroin.

      Even if they did, the likelihood they’d abandon it again in a crisis necessitates hard money not controlled by government money-printers.

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