Quote from: virasog on July 12, 2025, 06:01:56 PM

As long as the macro situation is good and there is no such bad news in the market, I expect the bitcoin prices to keep going up with a little bit of correction ofcourse.

Recently, there has been some hope that the Fed may cut interest rates in the next FOMC meeting and also we are hearing another news that Federal Reserve Chair Jerome Powell may resign and if this happens it may be bullish for the markets in the short term but in the long term it may not be good. If the Interest rates are cut by Jerome Powell, it will have a much positive impact on the market as compared to any other fed chairperson announces it.

I also heard rumors about Jerome Powell resigning but I don't think that will happen, he won't easily resign just because of political pressure from Trump. In my opinion, it is all just rumors and is being amplified by Trump's allies to increase pressure on Powell. But if that happens, it would be negative news for the USD, confidence in the currency would drop significantly and good news for assets like bitcoin and gold.

CPI will be announced today (July 15) and it is predicted that CPI will increase slightly compared to last month, so the interest rate cut will almost certainly be delayed again. But I don't think we need to worry or be too concerned about that anymore, because regardless of whether the Fed cuts rates or not, whether there is quantitative easing or not...with Trump's OBBBA bill. The US will also pump trillions of dollars into the economy, so it is only a matter of time before bitcoin and other assets rise.