Bull Case
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Disclaimer: This is not financial advice. Content here is for informational purposes only, always DYOR before making decisions.
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BTC is ripping, $99.2k
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🚨China's central bank allows local lenders to buy more US dollars to fund increased gold import quotas [there are no quotas for crypto]
🚨Trump: Agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom.
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🚨Trump: Fed Chair Powell doesn't have a clue on economy, it is "exact opposite of 'too late'".
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EU to file WTO complaint over US tariffs
🚨Initial claims dips to 228k
CNN: US-UK trade deal to retain 10% US tariffs.
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World Gold Council: Weak dollar and geopolitical concerns drove gold up in April
🚨Coinbase to buy Deribit for $2.9B ($700M cash, 11M shares) in Crypto's Largest Ever M&A: WSJ
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Coinbase's move for Deribit signals a pivot into options. Deribit has low spot volume but a lot of options and options with a lot of volume. Options offer leverage and flexibility, key for institutional market growth & Coinbase wants to dominate this segment
🚨World Gold Council: Asia experienced record-breaking inflows during April, adding US$7.3bn, the strongest ever. [those record breaking inflows will come to crypto soon]
Companies are passing cost increases through to consumers. -Apollo
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🚨US non-farm productivity dropped in Q1 for the first time since 2022. [another early indicator for more layoffs]
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CTAs (trend following funds) are not chasing this S&P500 rally; but are still long and strong gold [the pain trade for institutions is up]
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Trump: From UK trade deal, US will raise $6 billion in external revenue from 10% tariffs, $5 billion dollars in new export opportunities.
Trump: Intend to make deal with Europe
🚨BTC 100k
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Trump: Expect very good relationship with China.