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50 sats \ 2 replies \ @justin_shocknet 30 Dec 2024 \ on: Is Bitcoin telling us something about the broader market/economy? econ
I'm in this camp in this particular case.
I think it's Joe Consorti that has charts showing the correlation to money supply, since that's created through government manipulation and not organically it stands to reason it comes in fits and starts.
Sprinkle in a VIX spike around debt ceiling and budget drama etc... these effect money supply.
Sprinkle in a "transfer of power" coming up in January, that "both sides" elude to being anything but peaceful...
Now today the news I've been waiting for personally... markets closed on Jan 9. 🍿
Volatility wrt Bitcoin can either bullish or bearish (short term), impossible to trade other than being long vol simply for the insurance.
Good thoughts. I definitely think the cracks in the system are deepening again. We know how they will solve that. Filling them with fiat but the question is how bad will it gets before they do.
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how bad will it get
yep, this is what I think a lot of people miss wrt Bitcoin price action and the money printer... we had to go back to 3k during the fake pandemic to justify a big print, NIRP, etc... what has to happen to get "the big print", as Lawrence Lepard calls it, to end all big prints?
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