Jackson Hole 2024: Fed changes the game, $BTC tests $81K đŻ
Oh, folks, something weird is going on this week. FOR THE FIRST TIME in 40 years, the Fedâs Jackson Hole Symposiumâthe meeting where central bankers decide the fate of the global economyâis going to put CRYPTO AND PAYMENTS on the official agenda. Like, itâs not fringe talk anymore, you know? Itâs become core programming.
Meanwhile, $BTC is flirting with the $81k this Tuesday/Wednesday, testing heavy resistance. But pay attention: itâs not some random pump. Thereâs heavy macro CONTEXT behind it.
FIRST THING - THE FEDâS DILEMMA:
The Fed is in a brutal dilemma. July inflation (PCE) came in above the 2% targetâitâs still sticky. If they cut rates too fast, they reignite inflation. If they leave them high, they kill growth and turn it into a recession. Powell will speak at Jackson Hole about the next steps, and EVERYTHING he says moves both the traditional market ($SPY , $QQQ , treasuries) AND crypto at the same time.
Why? Because high rates = expensive liquidity = lower risk for digital assets. Falling rates = money searching for yield = crypto becomes more attractive. Simple. Itâs the economyâs thermometer.
SECOND THING - QUIET GEOPOLITICS:
Trumpâs been talking about tariffs against China, BRICS is moving to de-dollarize, and the digital yuan is already circulating overseas. That pressures the dollar (watch the DXY). When the dollar weakens, assets like $BTC âwhich is âdigital goldâ for many peopleâtend to perform better in local currencies. Brazil? The real is weak. Thatâs made Bitcoin + expensive in reais,...
Oh, folks, something weird is going on this week. FOR THE FIRST TIME in 40 years, the Fedâs Jackson Hole Symposiumâthe meeting where central bankers decide the fate of the global economyâis going to put CRYPTO AND PAYMENTS on the official agenda. Like, itâs not fringe talk anymore, you know? Itâs become core programming.
Meanwhile, $BTC is flirting with the $81k this Tuesday/Wednesday, testing heavy resistance. But pay attention: itâs not some random pump. Thereâs heavy macro CONTEXT behind it.
FIRST THING - THE FEDâS DILEMMA:
The Fed is in a brutal dilemma. July inflation (PCE) came in above the 2% targetâitâs still sticky. If they cut rates too fast, they reignite inflation. If they leave them high, they kill growth and turn it into a recession. Powell will speak at Jackson Hole about the next steps, and EVERYTHING he says moves both the traditional market ($SPY , $QQQ , treasuries) AND crypto at the same time.
Why? Because high rates = expensive liquidity = lower risk for digital assets. Falling rates = money searching for yield = crypto becomes more attractive. Simple. Itâs the economyâs thermometer.
SECOND THING - QUIET GEOPOLITICS:
Trumpâs been talking about tariffs against China, BRICS is moving to de-dollarize, and the digital yuan is already circulating overseas. That pressures the dollar (watch the DXY). When the dollar weakens, assets like $BTC âwhich is âdigital goldâ for many peopleâtend to perform better in local currencies. Brazil? The real is weak. Thatâs made Bitcoin + expensive in reais,...