The Wolf Of All Streets Bitcoin Is Crashing! $80K Next? What’s REALLY Behind the Drop? | Macro Monday
Jan 13, 2025
Join experts Dave Weisberger, a macroeconomic guru, Mike McGlone, a seasoned market analyst, and James Lavish, a proficient commentator, as they dissect the latest shifts in the financial landscape. They discuss Bitcoin's struggles against a robust dollar and rising bond yields, the economic fallout from Southern California's destruction, and the contrasting fortunes of the affluent versus struggling individuals. Expect insights on potential market corrections, the influence of political dynamics, and the evolving cryptocurrency landscape, especially Bitcoin and Ethereum.
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Market Overview
- The dollar is strengthening, 10-year yields are up, and Bitcoin is testing support.
- Markets are down, and gold and silver are also experiencing declines.
Rising Bond Yields and Liquidity
- Bond yields rising makes debt repayment more expensive, leading to selling of risk assets like Bitcoin and gold.
- Liquidity contraction adds to market pressure.
Rebuilding Costs and Market Uncertainty
- Rebuilding Southern California after the fires will require massive spending, potentially impacting the economy.
- This spending, combined with existing market uncertainties, creates complex market dynamics.