This Week in Bitcoin 88: Fed Credibility Collapse
Jan 14, 2026
This week dives into the unexpected surge in U.S. GDP and its impact on Bitcoin's perception. The discussion highlights tensions around Jerome Powell’s leadership, including a criminal investigation. Retail interest in Bitcoin appears to dwindle, with larger institutions stepping in. Bitcoin versus gold as a hedge sparks a lively debate, while the political landscape casts further doubt on the Federal Reserve’s credibility. Insights on corporate Bitcoin demand and the growth of the Lightning Network round out a compelling conversation.
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Strong GDP Masks Real Weakness
- U.S. GDP prints look strong but may mask uneven distribution and hidden weaknesses in labor and consumer demand.
- Chris Las warns headline growth can hide structural problems that everyday Americans still face.
Policy Temporarily Masks Market Distortions
- Policy moves like Fannie/Freddie purchases and rate moves prop up housing and lower rates but can hide long-term market distortions.
- Chris Las frames these as responses to systemic issues that have been deferred since 2008.
Institutions Now Drive Bitcoin Momentum
- Retail liquidity has mostly exited Bitcoin; price action is now driven by institutions and narratives they buy.
- Chris Las says institutional momentum and messaging now matter far more than retail hype.
