Bitcoin Bulls Ready for $1.2B Options Expiry Despite Fed Rate Hike
• Bitcoin (BTC) has seen a 17.5% rally between March 16 and 22 due to investors seeking protection against inflation and the banking crisis.
• The Consumer Price Index (CPI) in England unexpectedly increased to 10.4% in February due to higher food prices, while existing home sales in the United States rose 14.5% in February following the first annual price decline in over a decade.
• Every asset with a chance to profit from inflation is increasing, indicating fiat currency debasement as governments inject capital to prevent banking sector contagion.
Bitcoin’s Rally Caused by Inflation Fears
Bitcoin (BTC) has seen an impressive 17.5% rally between March 16 and 22 due to investors seeking protection against inflation and the banking crisis. The movement resulted from fears about persistent inflation and near-zero interest rates until April 2022 that have caused bulls to pay attention, particularly with this week’s $1.2 billion BTC options expiry on March 24th..
Consumer Prices Continue To Rise
The official Consumer Price Index (CPI) released on March 22 showed that Inflation in England unexpectedly increased to 10.4% in February due to higher food prices, likely prompting the Bank of England to raise interest rates on March 23rd as a way of stemming consumer prices rises. Meanwhile, existing home sales numbers released on March 21 reflected a decrease in mortgage rates resulting from an increase in demand for government bonds; suggesting that the housing market had reached a price floor.
Asset Prices Increasing Across The Board
Investors are frantically seeking protection against monetary debasement as governments are forced to inject capital into their economies; evidenced by the yield on five-year U.S Treasurys decreasing from 4.34% on March 8th down 3o 3.6%. This trend of asset prices increasing across all assets with potential profit through inflation indicates fiat currency debasement – with examples such as gold gaining 7.8% during 2023 – and suggests that this may be our new world where all asset prices are rising faster than general economic growth or development can support them without causing problems further down the line..
Bulls Preparing For Options Expiry
Bitcoin bulls have been preparing for Friday’s $1.2B options expiry by paying close attention to how negative effects of near-zero interest rate policies may affect them; using this information successfully so far by profiting from price levels below $26,000 despite the Fed rolling out a 0,.25% rate hike recently..