eduardkoopman
Kraken
- Joined
- Aug 29, 2019
- Posts
- 22,775
- Reputation
- 28,549
I can agree on this.As long as there's doubt around central banks cutting interest rates, I don't think we'll see crypto rise. Actually I think we'll probably see the opposite.
I see portfolio flows going into commodity-focused managed futures, real assets (real estate), if rates don't fall to meet expectations.
Meaning:
- No near term crypto or equity rally
- House price increases
- Cost of everything still increases (despite less monetary easing)
- Cost of mortgages increase
- Banks increase their profits from loan<->deposit spreads
Until inflation gets (artificially) brought down again. But once the fed announce they can control inflation and enter a rate cutting cycle, I think we'll see crypto take off. The Republicans winning in Nov would help expedite that process due to more motivated labour forces, less taxation, less public spending, increased consumer spending, improved service industry, and increased worldwide morale (lol).
It would be a blessing to be able to buy bitcoin and many other crypto, at a discount price. Since I think long term bitcoin is and will remain in an uptrend on a larger time scale. So any drop, in such case, can be seen as a nice discount.
I doubt maybe. That the democratic party, will let inflation be high and people feeling like shit when it comes to their money/purchasing power. So I would suspect the democratic party, to use it's influence on the interest rates. So to try to have happy people for the 4th November election.