Posteo

For BTC, the fall in oil prices is a good thing. When oil prices drop, inflation expectations also decline, easing the urgency for the Federal Reserve to continue raising interest rates. Recently, long-term US Treasury yields have been stuck above 5%, suffocating risk assets; the oil price decline can at least relieve some of that pressure.#FedFirst25BpsHikeSince23 #CryptoTaxAndBTCReserve #LongYields5%NewNormal