Macro Data Points to 2025 Recession — Could Bitcoin Be the Big Winner?
The post Macro Data Points to 2025 Recession — Could Bitcoin Be the Big Winner? appeared on BitcoinEthereumNews.com. The Kobeissi Letter has disclosed in an X thread that several key macroeconomic metrics point to a struggling US economy, a situation that could benefit Bitcoin (BTC). An analyst has predicted that Bitcoin could make an explosive run to $1 million. Bitcoin (BTC) attempts a bullish extension as it surges to $96k from its daily low of $92k. According to our market data, the asset has surged by 2% in the last 24 hours and by 3% in the last seven days. Supporting this move, Bitcoin’s 24-hour trading volume has also surged by 18%, with $31 billion changing hands. Amidst the backdrop of this, the US economy is facing serious struggles, positioning Bitcoin as a better inflationary hedge, as previously mentioned in our report. Delving into the latest macroeconomic data, we analyzed the comments by financial media platform, The Kobeissi Letter, hinting that the US economy could take a hit. According to its analysis, the nightmare of the Federal Reserve just got worse as the US Gross Domestic Product (GDP), which was estimated to record a growth of 0.3%, instead declined by 0.3% in the first quarter of the year. To fully understand the status of the current economy, Kobeissi highlighted that the GDP has recorded a negative reading for the first time since the second quarter of 2022 (Q2 2022). Apart from this, Kobeissi noted that the Treasury Yields keep surging in the shrinking economy, raising an eyebrow. According to the post, this implies that “the market knows stagflation has arrived”, with the Fed facing a lose-lose situation. Based on our research, stagflation refers to an economic situation marked by stagnant growth, high inflation, and high unemployment. Thinking this was the worst the economy could ever reach, the Personal Consumption Expenditures (PCE) price index, which measures the overall average change in…
The post Macro Data Points to 2025 Recession — Could Bitcoin Be the Big Winner? appeared on BitcoinEthereumNews.com.
The Kobeissi Letter has disclosed in an X thread that several key macroeconomic metrics point to a struggling US economy, a situation that could benefit Bitcoin (BTC). An analyst has predicted that Bitcoin could make an explosive run to $1 million. Bitcoin (BTC) attempts a bullish extension as it surges to $96k from its daily low of $92k. According to our market data, the asset has surged by 2% in the last 24 hours and by 3% in the last seven days. Supporting this move, Bitcoin’s 24-hour trading volume has also surged by 18%, with $31 billion changing hands. Amidst the backdrop of this, the US economy is facing serious struggles, positioning Bitcoin as a better inflationary hedge, as previously mentioned in our report. Delving into the latest macroeconomic data, we analyzed the comments by financial media platform, The Kobeissi Letter, hinting that the US economy could take a hit. According to its analysis, the nightmare of the Federal Reserve just got worse as the US Gross Domestic Product (GDP), which was estimated to record a growth of 0.3%, instead declined by 0.3% in the first quarter of the year. To fully understand the status of the current economy, Kobeissi highlighted that the GDP has recorded a negative reading for the first time since the second quarter of 2022 (Q2 2022). Apart from this, Kobeissi noted that the Treasury Yields keep surging in the shrinking economy, raising an eyebrow. According to the post, this implies that “the market knows stagflation has arrived”, with the Fed facing a lose-lose situation. Based on our research, stagflation refers to an economic situation marked by stagnant growth, high inflation, and high unemployment. Thinking this was the worst the economy could ever reach, the Personal Consumption Expenditures (PCE) price index, which measures the overall average change in…
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