Bitman on Nostr: The narrative that the U.S. economy is weakening and that inflation is heading toward ...
The narrative that the U.S. economy is weakening and that inflation is heading toward 2%, as stated by the Fed, is not accurate.
In 2025, the U.S. could continue experiencing high economic activity, with forecasts suggesting that the ISM Manufacturing PMI will rise to 54 in January, pushing GDP growth to 3.4% in Q1 2025.
This is a positive factor for asset pricing, including Bitcoin, and could catch many bears off guard.
Bitcoin and U.S. economic activity have shown a direct correlation, and I don’t expect that to change now.
In 2025, the U.S. could continue experiencing high economic activity, with forecasts suggesting that the ISM Manufacturing PMI will rise to 54 in January, pushing GDP growth to 3.4% in Q1 2025.
This is a positive factor for asset pricing, including Bitcoin, and could catch many bears off guard.
Bitcoin and U.S. economic activity have shown a direct correlation, and I don’t expect that to change now.