The Milk Road Show Why Crypto Isn’t Pumping After Rate Cuts w/ Scott Melker
7 snips
Sep 24, 2025 
Scott Melker, known as 'The Wolf of All Streets', shares his insights as a prominent crypto trader and commentator. He discusses why Bitcoin hasn't reacted to recent rate cuts, blaming stagflation and mixed macro signals. The conversation explores the Fed's constraints, the emergence of institutional buying, and the potential explosion in crypto ETFs. Scott also delves into the evolving role of AI in enhancing productivity and the shifting dynamics of the four-year Bitcoin cycle. His thoughts on decentralized trading platforms reveal the future narratives shaping crypto.
AI Snips
Chapters
Books
Transcript
Episode notes
Why Cuts Don't Always Spark Immediate Rallies
- Rate cuts often precede poor market performance before a later rebound, so immediate rallies aren't guaranteed.
- Scott Melker says Bitcoin chopping sideways after a cut is unsurprising given negative economic data and mixed signals.
Fed Influence Is Diminishing
- The Fed's actions look constrained by fiscal realities and rising debt, reducing its market impact.
- Melker argues the Fed is neutered and Powell may be biding time until political change shifts policy sharply.
Conflicting Macro Signals Create Uncertainty
- Macro signals are conflicting: stocks, gold, oil and yields send divergent messages.
- Melker says no single data point currently parses cleanly, which fuels the fierce bull vs. bear split.
