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2024-08-31 06:45:42

simonjajames on Nostr: The chart below shows the impact of rate cuts on the price of #bitcoin during the ...

The chart below shows the impact of rate cuts on the price of #bitcoin during the last two cycles:

With low interest rates (~1.5%) in 2017, #BTC price sky-rocketed to a then all-time high of $17,000.
Soon afterwards, as Rates were increased, the price per began to fall

Are you paying attention?

#nostr #grownostr #stackingsats #satoshis
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npub1muqhd6u3ee798kqfh4jtk83xreyc3ln0ussxy2rq5pc0mztfum9s9kuehu