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$BTC may fall with markets in the short term, but dollar debasement and Treasury intervention in the bond market make the long-term case
Everybody knows that inflation is bad. The cost of the things that you buy has gone up and it continues to go up. Does it really matter to you if CPI, PPI, PCE are 2 or 2.5 or 3.4 or 3.1, or what the data inputs are? Or does it matter to you your steak costs more today than it did a month ago. Yes, in the very short term, Bitcoin may move down with the rest of the markets, which are obviously all dumping today on this news. But what's more important is the very phenomenon behind it. We know that eventually the government is going to have to be irresponsible and print more money. We know that the Treasury is intervening in the bond market, that is the actual long-term case for Bitcoin. All of these fabricated news headlines and numbers are actually the reason that you should buy and hold Bitcoin in the long term. I'm old enough to remember last week when we were talking about the cooked numbers that meant that they could cut rates. Now we get to talk about the slightly cooked numbers that are probably not as bad as they seem that could make them continue to raise rates.
#Bitcoin #Inflation
Everybody knows that inflation is bad. The cost of the things that you buy has gone up and it continues to go up. Does it really matter to you if CPI, PPI, PCE are 2 or 2.5 or 3.4 or 3.1, or what the data inputs are? Or does it matter to you your steak costs more today than it did a month ago. Yes, in the very short term, Bitcoin may move down with the rest of the markets, which are obviously all dumping today on this news. But what's more important is the very phenomenon behind it. We know that eventually the government is going to have to be irresponsible and print more money. We know that the Treasury is intervening in the bond market, that is the actual long-term case for Bitcoin. All of these fabricated news headlines and numbers are actually the reason that you should buy and hold Bitcoin in the long term. I'm old enough to remember last week when we were talking about the cooked numbers that meant that they could cut rates. Now we get to talk about the slightly cooked numbers that are probably not as bad as they seem that could make them continue to raise rates.
#Bitcoin #Inflation
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