Nik, the other thing that *will* drive bitcoin higher in the medium to long term is large entity adoption (national treasuries, large corporations and financial institutions) and broadening global plebian adoption. Even without favorable Fed action. It would just take longer. But on the plus side, it would mean a better overall economic situation for the average global wage earner.
But the treasury yields are going down because the FED signals ahead of time what he is going to do . I think if the FED signaled that he was going to raise rates treasury yields will go up. The FED always signals what he is going to do ahead of time .
thanks nik
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Nik, the other thing that *will* drive bitcoin higher in the medium to long term is large entity adoption (national treasuries, large corporations and financial institutions) and broadening global plebian adoption. Even without favorable Fed action. It would just take longer. But on the plus side, it would mean a better overall economic situation for the average global wage earner.
Jacks in hole...rated R
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So the money markets will seek higher yields in risk assets when the Fed cuts?
But the treasury yields are going down because the FED signals ahead of time what he is going to do . I think if the FED signaled that he was going to raise rates treasury yields will go up. The FED always signals what he is going to do ahead of time .
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Too many adds ffs