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#bitcoin logo on the European Central Bank 🇪🇺$BTC 

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The financial market is kind of like that meme with the little dog sipping coffee in a house on fire. But is it really that bad? CME futures are betting on a rate cut from the Fed in September. The odds? 56% for a 0.25% cut and 44% for a 0.50% cut. It's almost like flipping a coin! But hold on! Some experts believe we won't see a series of massive cuts. Why? They’re not buying into the whole imminent recession narrative. In fact, the view is that we're going through a "normalization" after the 2020-2022 pandemic. Now, here's an interesting detail: historically, the end of the yield curve inversion tends to coincide with the Fed cutting rates, and that’s when we usually see a mild recession. But could this time be different? The message is clear: stay sharp and invest accordingly!

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The U.S. presidential elections are stirring up the crypto market! Experts believe that regardless of the winner (whether Trump or Harris), Bitcoin stands to benefit due to expectations of a rising budget deficit. Trump is seen as more crypto-friendly, even hinting at creating a Bitcoin reserve in the U.S., while Harris' stance on the matter remains unclear. Global banking giant Standard Chartered has jumped into the election-based Bitcoin predictions. According to their forecast, if Trump wins, BTC could skyrocket to an impressive $125,000! With a Harris victory, they predict a more conservative $75,000. But wait, there's more! Investment firm Bernstein also weighed in with their predictions. They speculate that under Trump’s leadership, Bitcoin could reach $90,000 (about R$ 500,000) by the year’s end! Trump’s promises to make the U.S. the global crypto capital, create a national Bitcoin reserve, and appoint a pro-crypto SEC chairman are exciting the market. On the flip side, if Harris wins, Bernstein forecasts Bitcoin might drop to the $30,000 to $40,000 range. Harris' lack of a clear stance on cryptocurrencies is leaving investors uncertain. No matter the outcome, regulatory reforms are expected to keep moving forward, driving Bitcoin’s growth in the long term. 2024 is shaping up to be an exciting year for the crypto world!

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Bitcoin was buoyed by inflation data that showed the situation is under control. Fortunately, after a while, the positive correlation between the US stock market and Bitcoin has returned today, with Bitcoin trading in the $59,700 range 🤗 $btc #btc

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Don't be a slave. Hodl Bitcoin. Sell your fiat. #btc #fiat

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