The U.S. Federal Reserve has cut rates 25 bps as we head into what has historically been a bullish period for bitcoin’s price, potentially adding fiat fuel to a bull run which could end in a historic crash.
The Federal Reserve lowered interest rates by 25 basis points to 4.00–4.25%, marking its first cut in years. Bitcoin rose slightly above $116,000 on the news, according to Bitcoin Magazine Pro.
The bitcoin price is yo-yoing around like a piñata. What is going on? Who shoved it? And what’s it to do with Powell, the Fed, the bitcoin treasury companies and, uh, just ordinary markets doing markets-y things?
The Big Flip thesis has been gaining traction in the financial world and describes the market’s misplaced belief in the path of inflation and policy rates.
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