Brian Hoonjong Paik on Nostr: #Bitcoin price drops as Americans grow cautious about future inflation. ...

#Bitcoin price drops as Americans grow cautious about future inflation. #ConsumerSentiment shows short-term inflation expectations ⬆️ to 4.6% in April, up from 3.6% in March. Despite #CPI indicating lower inflation, public pessimism about the economy rises. We might face a recession (low growth, mid-high inflation, 4-5% interest rates) longer than anticipated.😟
https://www.barrons.com/livecoverage/stock-market-today-041423/card/consumer-sentiment-rises-in-april-but-so-do-inflation-expectations-DyquhbWHl5PeVWnLkKni