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So, for a while (before the last week rally) I have been hearing that BTC has been hitting all time high, but only in USD. Some of my friends in Europe positively blame it on what they call Trump's cryptofuckery, which, they say, is bringing USD down.
Well, some of them have hopes now, it seems.
After what they call disappointing economic data, the Bank of England is almost certain to cut interest rates.
And, more importantly, it seems the Brits are about to witness their most significant military transformation since the world war, as outlined in their strategic defence review.
I...just...cannot...wait to see how many trillions (the HM Treasury does not have) will spend, and how much of it will come from the money printer. Or, do you guys think the existing gilt market has the appetite to absorb the newly debts, financing the government so that the Bank of England does not need to step in at all?
Interesting times...
Trump is definitely devaluing USD with tariffs. Some fiat might me stronger, some weaker. But fiat is fiat. It will keep inflating and being manipulated forever.
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