The ECB also reckons that they're "about to return to the 2% inflation target". Though the ECB never operated within "just" 2% for the entire 26 years of the EUR's existence.
The narrative that the U.S. economy is weakening and that inflation is heading toward 2%, as stated by the Fed, is not accurate.
In 2025, the U.S. could continue experiencing high economic activity, with forecasts suggesting that the ISM Manufacturing PMI will rise to 54 in January, pushing GDP growth to 3.4% in Q1 2025.
This is a positive factor for asset pricing, including Bitcoin, and could catch many bears off guard.
Bitcoin and U.S. economic activity have shown a direct correlation, and I don’t expect that to change now.
The narrative that the U.S. economy is weakening and that inflation is heading toward 2%, as stated by the Fed, is not accurate.
In 2025, the U.S. could continue experiencing high economic activity, with forecasts suggesting that the ISM Manufacturing PMI will rise to 54 in January, pushing GDP growth to 3.4% in Q1 2025.
This is a positive factor for asset pricing, including Bitcoin, and could catch many bears off guard.
Bitcoin and U.S. economic activity have shown a direct correlation, and I don’t expect that to change now.
There is one private company printing dollars and backing it with Bitcoin making a profit & there is another one printing dollars for free backed by nothing and losing money (the fed)
"Trump's White House has rolled out a new social media account. It's called 'the Rapid Response account of the Trump White House,' and it plans to hold Fake News accountable. What do you make of that?"
@AriFleischer: "I love it."
FOLLOW @RapidResponse47!
Sweden is facing a surge in gang crime with juveniles being hired to carry out vandalism, bombings and murder Sweden is set to fast-track legislation enabling police to use electronic surveillance on children under 15 following a spate of serious crimes committed by teens recruited by criminal gangs, Swedish Prime Minister Ulf Kristersson announced on […]
⚡️🇺🇸 Dennis Porter: "I can confirm that a bill which enables the state of Montana to invest up to $50 million in #Bitcoin, digital assets, stablecoins, or precious metals has been introduced by Rep. Lammers and co-sponsored by Rep. Schomer."