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The Fed may cut rates because the economy is weakening. At the same time, quantitative tightening (QT) may continue, banks may reduce lending, M2 may stagnate, and investors may flee from risk. In this scenario: interest rates ↓, liquidity ↓ → $BTC falls. Conversely, $BTC can rise amid high inflation and high interest rates if liquidity in the system increases.#WalshInflationRisk #BTCGoldCorrelation #SchwabExpandsCrypto