Ryan Hoover
@rrhoover
BTC and ETH are up ~20% in the last few days. Why? The distrust and falling stock prices of TradFi banks is the obvious answer, but is that the full answer?
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Adam Baybutt
@baybutt
Unbelievably multidimensional But, one key one, Interest rate expectations dropped BIG yesterday (e.g. Dec 2023 fed futures dropped ~70 bps). Expectation of lower interest rate environment -> investors have to search for yield -> investors buy risk assets.
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