$BTC đšđš Warsh has spoken. And the market didn't half get a bit of a surprise đšđš
The new Fed chairman was proper hawkish:
Inflation is still far too high.
2% remains the target.
No promises of rate cuts.
Financial conditions don't seem restrictive enough
Mind you, it wasn't all doom and gloom đ
The economy and corporate earnings are still looking solid
AI investment is driving productivity and growth.Warsh highlighted that âmoney mattersâ: monetary conditions are still key
And crucially: no chat about rate hikes. The next move strictly depends on the data
Now, here's the bit I'm keeping an eye on:
78K âŹïž If Bitcoin holds that line after such a hawkish speech, thatâs a proper sign of strength in my book
Because weâre no longer looking at the classic setup đ
Fedâs gonna cut â BTC goes up
Now Bitcoin has to prove it can rally even when the Fed isn't giving it a leg up đ
#KevinWarshDisclosedCryptoInvestments #Fed #Market_Update
$ETH
$SOL
The new Fed chairman was proper hawkish:
Inflation is still far too high.
2% remains the target.
No promises of rate cuts.
Financial conditions don't seem restrictive enough
Mind you, it wasn't all doom and gloom đ
The economy and corporate earnings are still looking solid
AI investment is driving productivity and growth.Warsh highlighted that âmoney mattersâ: monetary conditions are still key
And crucially: no chat about rate hikes. The next move strictly depends on the data
Now, here's the bit I'm keeping an eye on:
78K âŹïž If Bitcoin holds that line after such a hawkish speech, thatâs a proper sign of strength in my book
Because weâre no longer looking at the classic setup đ
Fedâs gonna cut â BTC goes up
Now Bitcoin has to prove it can rally even when the Fed isn't giving it a leg up đ
#KevinWarshDisclosedCryptoInvestments #Fed #Market_Update
$ETH
$SOL