Trump just rejected Iran's ceasefire proposal, and reportedly told aides he expects bombing to resume after the November midterms. That resolution over the Strait of Hormuz was one of Bitcoin's main tailwinds this week. Might not be one anymore.
Morgan Stanley also flipped its dollar call, now expecting DXY near 104 by mid 2027, with two more Fed hikes priced in. That's not a short term headwind anymore, that's a stretched one.
Geopolitics and monetary policy rarely move markets alone, but when they move together like this, it's worth paying attention.
Not predicting anything today, just noting that the macro backdrop just got a lot less simple.
— Shani CEO
$TRUMP $BTC $BNB
#Crypto #Bitcoin #Macro
Morgan Stanley also flipped its dollar call, now expecting DXY near 104 by mid 2027, with two more Fed hikes priced in. That's not a short term headwind anymore, that's a stretched one.
Geopolitics and monetary policy rarely move markets alone, but when they move together like this, it's worth paying attention.
Not predicting anything today, just noting that the macro backdrop just got a lot less simple.
— Shani CEO
$TRUMP $BTC $BNB
#Crypto #Bitcoin #Macro
