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PCE has greater weight for medical care which has been running hot on the services side. There is good reason to be cautious ahead of tomorrow. I have some more interest rate sensitive stuff in mind if we get a light print.
ETFs, more awareness, financial doom loop, inflation indicators all contribute to more BTC demand. I think some of the Bitcoin reaction/pop is related to US moving closer to seizing $300b of Russian bank holdings. That’s going to cause another spike in inflation. As other countries around the world shed dollars, those dollars will come back on shore. The dollar’s value as a stable, floating rate of exchange will be damaged.
Some good points here Pomp but as a long time btc holder I am disappointed you didn’t make the critical distinction between monetary inflation and price inflation. Geez.
Price inflation is both good and bad for btc, eth, gold, etc.
Only monetary inflation is all good for btc, gold, eth, etc
It's really interesting. And we'll see what happens with the upcoming halving, too.
I personally don't even watch BTC-USD every day because I'm not planning to do anything with it and want to spare myself the drama of the ups and downs.
Here is my analysis of whether disinflation story has changed:
https://arkominaresearch.substack.com/p/has-disinflation-story-changed?sd=pf
PCE has greater weight for medical care which has been running hot on the services side. There is good reason to be cautious ahead of tomorrow. I have some more interest rate sensitive stuff in mind if we get a light print.
https://fred.stlouisfed.org/graph/fredgraph.png?g=1hvpH
Thanks. Great commentary. Are tickets still available for the march btc meeting in nyc?
ETFs, more awareness, financial doom loop, inflation indicators all contribute to more BTC demand. I think some of the Bitcoin reaction/pop is related to US moving closer to seizing $300b of Russian bank holdings. That’s going to cause another spike in inflation. As other countries around the world shed dollars, those dollars will come back on shore. The dollar’s value as a stable, floating rate of exchange will be damaged.
Some good points here Pomp but as a long time btc holder I am disappointed you didn’t make the critical distinction between monetary inflation and price inflation. Geez.
Price inflation is both good and bad for btc, eth, gold, etc.
Only monetary inflation is all good for btc, gold, eth, etc
It's really interesting. And we'll see what happens with the upcoming halving, too.
I personally don't even watch BTC-USD every day because I'm not planning to do anything with it and want to spare myself the drama of the ups and downs.
Long-term view.
Price is the least interesting thing about BTC.