U.S. investors have been avoiding Bitcoin for 3 straight months, and the reason is bigger than crypto.
Coinbase Premium has remained negative for nearly 3 months, showing how weak U.S. demand for $BTC has become.
And honestly, I can understand why.
The CLARITY Act keeps getting delayed, global tensions and war are still creating uncertainty, while inflation is cooling but remains above the Fed’s 2% target.
That also keeps uncertainty around the Fed’s next move and the path for interest rates.
With so many major questions still unanswered, investors simply aren't rushing to take more risk.
Until that uncertainty starts clearing, I think bringing strong U.S. demand back into Bitcoin will remain difficult.
Coinbase Premium has remained negative for nearly 3 months, showing how weak U.S. demand for $BTC has become.
And honestly, I can understand why.
The CLARITY Act keeps getting delayed, global tensions and war are still creating uncertainty, while inflation is cooling but remains above the Fed’s 2% target.
That also keeps uncertainty around the Fed’s next move and the path for interest rates.
With so many major questions still unanswered, investors simply aren't rushing to take more risk.
Until that uncertainty starts clearing, I think bringing strong U.S. demand back into Bitcoin will remain difficult.