The Rate Hikes in the United States are affecting the economy around the globe. As various currencies lose strength against the dollar, those nations' economies suffer. Bitcoin also has downward pressure when the dollar is gaining strength. The rate hikes can't go on forever, giving a green light back to risk asset markets.
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Where is your 12k prediction?
Not to insulate. The 12k prediction is a preparation not a fact. More pain and unemployment before 12k
@J Sizzl the C Note hope so😁👌
@J Sizzl the C Note not happening at this point. Its already about to be mid october and its nowhere near 12K. BTC getting to strong regardless of the macro conditions. Youll be lucky for a retest at 17K at best.
Hopium
They have one big problem that’s causing issues … with the Russian ruble now gold backed when the dollar value falls so does the value of all western currency because it is pegged to the dollar … when the DXY ($) goes down gold goes up increasing the value of the ruble. … if the DXY goes up the ruble gold both go down … so does the stock market and crypto … you see they have no out … the fiat dollar is history … 40% of the world’s currency is gold backed …
And the American inflation rate will increase higher, it’s a no win situation
Not necessarily. The rest of the world is inflating against the US regardless and the US is a net importer, meaning as the rest of the world continues to inflate america will see deflation eventually no matter what they do with their rates.
Obviously it’s inverse, the dollar loses value then everything costs more dollar
Let me get my popcorn
Keep raising rates. Nothing is threatening the value of the dollar more than current inflation rates. Rip it off like a band aid. Once the inflation monster is tame, we can go back to the good times. Job market is already starting to slow down… the strategy is working
Lol