The Wolf Of All Streets CPI’s Shockwave: Bitcoin Skyrockets! Plus, The RWA Takeover
Jan 15, 2025
Sid Powell, co-founder of Maple Finance, shares insights on the CPI report and its dramatic impact on Bitcoin's price, jumping past $99,000. He discusses the rise of Real World Assets (RWAs) and how unique financial products are transforming the crypto market. Chris Inks from Texas West Capital provides analysis on current trading strategies and highlights the volatility in crypto lending. The conversation explores the complexities of job markets, inflation, and lending dynamics, providing a comprehensive look at the evolving landscape of decentralized finance.
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CPI and Market Reactions
- CPI report of 2.9% was up slightly, yet viewed as positive by markets.
- Core CPI went down slightly, adding to market optimism despite rising inflation.
Jobs Report and Inflation Concerns
- Job numbers beat expectations, wage levels are up, and people are concerned about inflation.
- Positive market bounce signals inflation concerns might not be as bad as feared after the jobs report.
Revised Jobs Report
- Government revised job reports significantly, changing the data traders relied upon.
- This raises questions about the reliability of official data and market reactions.