Inflation data just released few days again and we printed another 5% plus. That’s a red flag for any investor investing in a risky assets like crypto because it is 100% sure that the interest rates are going to go up again in the next FOMC meeting.
To me, I think this is a co ordinated rally for some whales to get their money out before the eventual dump. They want dump money to FOMO in so they can go out. I can’t see no other reason why inflation will go 5% up and with and expected .75 interest rate hike and crypto will be going bananas
TL DR: Market shouldn’t be going up when we have 5%+ inflation with expected .75 interest rate hike.
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