Coin Bureau: BTC will fall

The window it was checked over

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

follows through on his philosophy, we are looking at a higher for longer environment for real rates combined with a shrinking balance sheet. For crypto, this is a double-edged sword. Worse understands the tech. He won't try to ban it. He might even try to push for clearer regulations that legitimize the industry, but he's not going to pump your bags with easy money. He views Bitcoin as a policeman for fiscal irresponsibility. If Bitcoin pumps worse takes it as a signal that he needs to tighten policy is a self-correcting mechanism. This suggests that the parabolic up only liquidityfueled rallies of the past, well, they might be harder to come by under Wars Fed. Instead, we might see a market that trades more on fundamentals and utility and less on pure monetary debasement. And there is one final wrinkle. Well, that's the Senate. Wars isn't confirmed yet. Senator Thom Tillis has threatened to block all Fed nominees. If Wars gets stuck in confirmation purgatory, we could see months of uncertainty. And as we all know, markets hate uncertainty more than anything else. So where does this leave us? Well, the nomination of Kevin Wars is a gamecher. It signals that the era of the Fed put, the

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