Despite all the predictions we all have made to predict when the next up-only phase starts:
- The 4 year halving cycle
- New Bitcoin highs
- Ethereum surging
- Bitcoin dominance dropping
- etc etc ...
It's not dominantly any of these.
It's MONEY PRINTING and RATE CUTS.
And we just basically got this completely confirmed in September.
The crypto markets need liquidity injection.
We had that in 2020 and 2021 PLENTY of times. We know how that turned out right?
That comes from rate cuts and money printing.
Today the unemployment rate (job report) climbed to 4.3%. The highest level in years!
It opens the door to an almost guaranteed rate cut and money printing scenario as inflation isn't the FED's only concern anymore.
What I said before still matters.
Bitcoin rising to new highs will peak new retail interest.
Ethereum surging does increase liquidity across the entire ecosystem (profits rotating).
It does matter but it's not DOMINANTLY responsible for a huge run.
Macro-economic events do. They matter as well and likely even more.
Interesting to see how it will play out but if QE (quantative easing) is back on the table and liquidity is injected back INTO the economy instead of QT (quantative tightening) which we have had since the last bull market ended?
Things could change quickly, and for the better of our assets.
September is coming 👀