Today’s market price action makes very clear that a 50 basis point Fed Fund rate cut was already baked in to all the markets.
Now the markets need to figure out what they should start waiting for from here.
This little pause in the action gives me an opening to release this Bitcoin report, which I have been sitting on for some time now.
It is unclear whether Bitcoin has actually changed the markets.
However, it is very clear that the markets have changed Bitcoin.
What has Bitcoin become?
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