August CPI inflation data worse than consensus expectations; markets reprice in response. Bitcoin falls more than 10% and the S&P 500 Index closes down 4.3%. Fed Funds Rate expectations climb to 4.46%
What else can I do but stay long BTC? I wait for good coffee and yogurt to go on sale, when I see the prices dip, I load up. Why would buying bitcoin be any different in my life? I really won't know if my thesis is wrong for at least 18 more months. Until I'm proven otherwise, I'm glad and humbled to be in the company of Dylan and other smart Bitcoin researchers. 👍🏻✊🏻
TLDR: down only
What else can I do but stay long BTC? I wait for good coffee and yogurt to go on sale, when I see the prices dip, I load up. Why would buying bitcoin be any different in my life? I really won't know if my thesis is wrong for at least 18 more months. Until I'm proven otherwise, I'm glad and humbled to be in the company of Dylan and other smart Bitcoin researchers. 👍🏻✊🏻