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Rabbit Hole Recap #242: CashApp Users Bought Over $7B in Bitcoin Last Year

Rabbit Hole Recap

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Will They Stop People From Sending Bitcoin From an Exchange?

Inflation is still very high rates are going up towards 6%. Seems like they're going to go higher. You have China's economy opening up. I posted a chart of steel prices from the last week. They're up like 60%. And so even with the Fed raising rates as aggressively as they are, they cannot control with China,. If they open up, that's going to have inflationary pressures on the raw inputs of the global economy - steel, oil and wheat. So even with rates hitting 6%, 7%, maybe 8%, I don't think the Fed will be able to tame inflation.

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