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Published 24 Jun 2026, 16:30 UTC · fetched 6 Nov 2026, 14:20 UTC
Gaijin
@Gaijin165
In reply to · 24 Jun 2026, 16:24 UTC · context given to the AI
Kevin Warsh killed the debasement trade and gold, silver, and Bitcoin are all paying the price "The crypto market cheered when Trump picked a Bitcoin-friendly Fed chair. Then he scrapped the rate cuts and basically debased the bull case for Bitcoin, but more specifically for gold and silver" "The assets people were buying to hedge against debasement are no longer in favor. And that is gold and silver. And at least for narrative purposes we would like to think Bitcoin was part of that trade" "That is not how the market has been pricing it. If the debasement trade narrative completely disappears that could be problematic for markets in general"@scottmelker The entire bull case was built on the Fed eventually caving. What if they don't? The market is ripping apart every trade that depended on endless liquidity.View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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