👀 All eyes on the Fed’s September move…
🟢 75% think we’ll get a 25 bps cut
🔘 Only 16% say rates hold steady
🔴 8% betting on 50+ bps cut
What does this mean for Bitcoin? 👇
https://beta.predyx.com/market/fed-decision-in-september-1754383077
I think it’s baked in at this point.
It is! Do you think the decrease will impact the bitcoin price positively?
Probably in the long run as it is likely more rate cuts will follow and lower rates typically means borrowing/liquidity. In the short term I have no idea. I think traders are focused on trying to pump altcoins right now.
lol alt and its pumps, whats the new thing "kasba" or something. Everyone still trying to scale layer 1, but alas no one can compete with speed and volume of LN.
Need a new narrative every cycle to suck people in. I guess tokenization of assets is the story this time.
yes every cycle, I'm sure Udi will come-up something that.
BTW, I remember you had expressed that you wanted to see the shares you own in the bet slip like the old way "You got 4200 shares". Its been added to the betslip now (you'll be able to see your shares on the betslip both on buy and sell):
Pls let me know if this is good enough?
Great. Thanks.
I think Powell stays strong NO CUT
Did you mean to say "What does this mean for the fiat exchange-rate of Bitcoin?"
Yes exactly :)