In what situation do you have: 1. Bitcoin rising in a straight-line 2. Treasury yields rising in a straight-line 3. US Dollar falling in a straight-line 4. Gold prices rising in a straight-line The answer? US deficit spending is out of control.
The Kobeissi Letter
The Kobeissi LetterJul 14, 12:41
This is not a "normal." We have reached a point where Bitcoin is moving in a literal STRAIGHT-LINE higher. Rates are rising, the USD is down -11% in 6 months, and crypto is up +$1 TRILLION in 3 months. What's happening? Bitcoin has entered "crisis mode." (a thread)
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