What cooler PCE inflation means for bitcoin and crypto
View original at finance.yahoo.comWhat cooler PCE inflation means for bitcoin and crypto Scott Melker discusses the latest Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge, which showed prices fell more than expected in August, and what it might mean for bitcoin (BTC-USD) and the rest of the cryptocurrency…
Ce que nous avons tiré de cette source
The claims Via News extracted from this document. We point to the source; we don't replace it.
Within six months people will be giving AI agents literally everything and they will run our lives.
60% confidenceNone of the 15 institutions in the Bitwise survey reduced crypto allocations during the 50%+ drawdown; several bought more, and all held Bitcoin.
60% confidenceBitcoin made a new higher high and is above all meaningful moving averages.
60% confidenceThe PCE numbers are likely inaccurate, and the cooler inflation reading does not matter for Bitcoin.
60% confidenceGovernment changed the methodology for portfolio management, software and legal services prices, which economists said lowers annual inflation by about 0.2 percentage points.
60% confidenceBitcoin is about to close its strongest quarter since late 2024, its first green quarter in a long time.
60% confidencePrediction markets are easy to game and insider trading is likely a problem.
60% confidenceBitcoin is an uncorrelated, idiosyncratic asset and is likely entering a new cycle regardless of the rest of the economy.
60% confidenceInstitutions treat Bitcoin as a long-term asset and are not trading it month to month.
60% confidenceAI agents will transact using stablecoins and tokens on blockchain rails, which is among the most bullish narratives for crypto.
60% confidenceMarket expectations are arbitrarily set by large institutions in line with what the Fed wants, so beating expectations is what matters.
60% confidence
Cité dans ces articles de Via News
- Event Contracts Now Earn Robinhood $173 Million a Quarter as Exchanges Plan Round-the-Clock Trading →
- Markets Are Heading Toward Round-the-Clock Trading, and Robinhood's Latest Results Show Where the Money Is Moving →
- Markets Are Heading Toward Round-the-Clock Trading, and the Rulebook Is Being Written While the Products Launch →
- Markets That Never Close, Agents That Need ID: Robinhood's Numbers, LY Corp's Guidance and the Trust Gap in Automated Finance →
- Robinhood's Event-Contract Revenue Jumped Sixfold as Markets Move Toward 23-Hour Trading and Regulators Scramble to Keep Up →