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PhilRoss / Phil Ross
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2024-10-13 23:19:06

PhilRoss on Nostr: When do we actually think Uptober or just NGU happens at this point? If Trump wins? ...

When do we actually think Uptober or just NGU happens at this point?

If Trump wins? He seems more interested in his own coin.

When the Fed starts printing? They seem more likely to keep rates at a “neutral” 3-3.5%. And if they do print, it’s going to be liquidity for banks this time, not financing USG stimmy checks in the mail.

When the world decides government spending is out of control and bonds are a fool’s investment? The past 6 months would indicate the world wants gold.

I’m a huge perma-Bull. But I have this growing feeling that this cycle might look more like a choppy crab walk up the price ladder until there’s some other external event that clearly points to bitcoin. There are a lot of people accumulating and not selling; we need a real demand-side spark.
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