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But we saved everything 🙂.
Joe Consorti suggests that the recent silence from Warsh is a strategic move rather than a sign of economic strength.
He points out that with the end of the war, falling oil prices, and easing inflation, the narrative may shift from potential rate hikes to anticipated rate cuts. Consorti also notes that Bitcoin typically reacts to these changes in monetary policy before other assets.
Consorti previously cited a $19 trillion surge in AI market capitalization as redirecting liquidity away from Bitcoin and fueling a decline in its price, according to a recent report. He also discussed Strategy's continued purchases of Bitcoin, converting high-growth assets into fixed income while maintaining a net-buyer position, as detailed in a separate note. These observations form part of Consorti’s ongoing commentary on cryptocurrency market flows.