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Bitcoin Magazine· Patrick Green·· 11d ago

Sam Callahan: Bitcoin Doesn't Need Rate Cuts to Succeed

Original source: Bitcoin MagazineRead original
AI brief

Sam Callahan argues that Bitcoin can succeed without Federal Reserve rate cuts, contending that the U.S. dollar has already lost at least 20% of its purchasing power in five years based on the Fed's preferred inflation gauge. He describes current monetary policy as "financial repression," stating it is "working great. It's just not working for the people," while highlighting the bond market's steepest drawdown in history and the resulting debasement of fiat currency.

Source: Bitcoin Magazine · bitcoinmagazine.com