Yes probably down. Interest rate cuts are not bullish for risk assets as they draw money out of risk and into bonds, because lower interest rates mean higher bond prices.
Global liquidity is what drives bitcoin. That won't happen until they start printing money again. That's not the same as cutting rates.
BitcoinStu
npub1ua…dx9cn
2024-09-16 20:23:06
in reply to nevent1q…23u8
Author Public Key
npub1uavkq2z6vqczd772ple0p0k44ncjcxv5lg4sq6r069aagvra47uq2dx9cnPublished at
2024-09-16 20:23:06Event JSON
{
"id": "6f3f212e92563f35f677738f6bb7b686aeeab0398f7a7fdb5af8dcd0446e2136",
"pubkey": "e75960285a603026fbca0ff2f0bed5acf12c1994fa2b00686fd17bd4307dafb8",
"created_at": 1726518186,
"kind": 1,
"tags": [
[
"e",
"3a25997a71a4ce791e3a3fdd7f34da48745527250413ef5d033f20ed7e8b2eb2",
"",
"root"
],
[
"p",
"5845c359dabf9695926f78741e083273cf2facd7c27f70d2eb8131e11e8c3ab8"
]
],
"content": "Yes probably down. Interest rate cuts are not bullish for risk assets as they draw money out of risk and into bonds, because lower interest rates mean higher bond prices. \n\nGlobal liquidity is what drives bitcoin. That won't happen until they start printing money again. That's not the same as cutting rates.",
"sig": "1c9465ee60846ddb2238acb97d4042d7ff928c56341e1fcbe19a64f255deab1ed9f62673d46567a872af35e3cdc74d62de1079bd59b77089d0527eda55a54afa"
}