Quantastic
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IS IT UPTOBER?
š° U.S. job market showing weakness:
September ADP report (released Oct 1) showed -32,000 jobs ā
Analysts had expected +51,000 jobs ā
This sharp contrast signals the labor market is slowing down.
š With weaker jobs data, expectations for a Fed rate cut have skyrocketed.
š Rate cuts usually mean more dollar inflation.
š Investors then move into assets that protect against inflation.
š” Why BTC?
Bitcoin is non-inflationary, capped at 21M supply.
As confidence in USD weakens, BTC becomes the preferred hedge.
š„ Thatās why many analysts believe BTC could push $200,000 this Uptober ā and even $500,000 if momentum continues!
#Bitcoin #Uptober #BTC #CryptoNews
"If you love my posts, mock copy me at: Quantastic
š° U.S. job market showing weakness:
September ADP report (released Oct 1) showed -32,000 jobs ā
Analysts had expected +51,000 jobs ā
This sharp contrast signals the labor market is slowing down.
š With weaker jobs data, expectations for a Fed rate cut have skyrocketed.
š Rate cuts usually mean more dollar inflation.
š Investors then move into assets that protect against inflation.
š” Why BTC?
Bitcoin is non-inflationary, capped at 21M supply.
As confidence in USD weakens, BTC becomes the preferred hedge.
š„ Thatās why many analysts believe BTC could push $200,000 this Uptober ā and even $500,000 if momentum continues!
#Bitcoin #Uptober #BTC #CryptoNews
"If you love my posts, mock copy me at: Quantastic
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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