Bitcoin rose 1.5% and fell 3.4% on the same day. It depends on which currency you use to look at it.🤯
In dollars, it went from US$ 84.497 to US$ 85.756. In reais, it fell from R$ 441.270 to R$ 426.397.
Bitcoin barely moved. The real did, with the dollar falling 4.8%, from R$ 5,2223 to R$ 4,9722.
And the Ibovespa rose 7.4%.
Now think about what really changed between Friday and Monday.
Brazil's gross debt is the same. The primary deficit is the same. The government's interest bill, which is R$ 50 billion away from becoming the country's largest expense, is exactly the same.
Not a single figure in the real economy changed.
What changed was expectations about who will manage these numbers starting in January.
Are you trading real data or just expectations?
Does your wealth depend on "hope"?
In dollars, it went from US$ 84.497 to US$ 85.756. In reais, it fell from R$ 441.270 to R$ 426.397.
Bitcoin barely moved. The real did, with the dollar falling 4.8%, from R$ 5,2223 to R$ 4,9722.
And the Ibovespa rose 7.4%.
Now think about what really changed between Friday and Monday.
Brazil's gross debt is the same. The primary deficit is the same. The government's interest bill, which is R$ 50 billion away from becoming the country's largest expense, is exactly the same.
Not a single figure in the real economy changed.
What changed was expectations about who will manage these numbers starting in January.
Are you trading real data or just expectations?
Does your wealth depend on "hope"?
