Bitcoin: Fed Trapped by Trillion-Dollar Debt Costs
Bitcoin at $76927.26 as Jordi Visser warns Fed cannot raise rates with US debt interest exceeding $1T yearly, exceeding defense spending.
SourceAnalysis
Jordi Visser, ex-CIO at Weiss Multi-Strategy Advisers, declared the Fed cannot raise rates because annual US interest payments now surpass defense outlays at over one trillion dollars, the exact scenario Bitcoin was engineered to address.
BTC price action on the 4h chart shows the asset holding inside Bollinger Bands at $76927.26 with upper resistance at $78821.79. The bearish EMA structure places EMA50 at $78562.51 and EMA200 at $77359.17 while RSI sits neutral at 40.83; the MACD golden cross at -696.09 suggests any near-term pullback would likely find support at the 50-EMA before continuation toward fresh highs.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast