Bitcoin Nears $100K as Fed Faces Stagflation Worries

Bitcoin is surging toward $100,000, rising nearly 30% from April lows amid growing concerns about stagflation in the U.S. economy. The Kobeissi Letter warned that “the Fed’s worst nightmare just got worse” as GDP contracted and inflation remains high. With the Fed expected to hold interest rates steady next week, traders anticipate rate cuts by June—potentially fueling further gains in Bitcoin and other risk assets. Analysts say Bitcoin’s strong performance and resilience may signal a shift away from traditional markets, especially amid economic uncertainty and Trump’s tariff-driven policies.