Degen

Unpopular opinion: FEDs have much more power and influence over markets compared to US President

A lot of people wrongly think that bull-run has started because of Donald Trump's win in US President election, instead in my opinion, I think that FOMC meetings of @federalreserve and decision of Chair of the Federal Reserve - Jerome Powell, has much more powerful and broader impact on the market.

The last local bull-run started on November 7th, after FOMC meeting where FEDs had cut rate by 25 bp, after that $BTC made its run to 100k with insuing meme-season. Personally, I think that even if Kamala Harris had won, the market still would have risen and $BTC reached 100k anyways, but at a slower pace.