#BTC #Crypto
This is truly an unusual macro setup for Bitcoin.
A fresh CoinShares report highlights two opposing signals at the same time.
🔴 Short term — pressure. U.S. core inflation rose 0.3% MoM in August, above expectations. This increases the probability of a more restrictive Fed policy and limits BTC’s upside potential, especially below the $80'000 zone.
🟢 Medium term — things get more interesting. The U.S. Treasury’s buyback program has so far failed to significantly reduce long-term yields. If yields remain elevated, pressure on the Treasury could intensify, potentially leading to much larger market intervention.
And this is where the bullish Bitcoin scenario comes in: further expansion of buybacks could strengthen the narrative of fiat currency debasement — the same factor that has already supported BTC and gold.
So the picture right now looks like this: short term — caution; medium term — a potentially very strong catalyst.
#LONG vs #SHORT
Original 👇👇👇
https://bitcoinmagazine.com/news/bitcoin-has-unusual-mix-says-coinshares
This is truly an unusual macro setup for Bitcoin.
A fresh CoinShares report highlights two opposing signals at the same time.
🔴 Short term — pressure. U.S. core inflation rose 0.3% MoM in August, above expectations. This increases the probability of a more restrictive Fed policy and limits BTC’s upside potential, especially below the $80'000 zone.
🟢 Medium term — things get more interesting. The U.S. Treasury’s buyback program has so far failed to significantly reduce long-term yields. If yields remain elevated, pressure on the Treasury could intensify, potentially leading to much larger market intervention.
And this is where the bullish Bitcoin scenario comes in: further expansion of buybacks could strengthen the narrative of fiat currency debasement — the same factor that has already supported BTC and gold.
So the picture right now looks like this: short term — caution; medium term — a potentially very strong catalyst.
#LONG vs #SHORT
Original 👇👇👇
https://bitcoinmagazine.com/news/bitcoin-has-unusual-mix-says-coinshares
