It is now clear that institutions' interest in Bitcoin is waning, possibly also due to recent macroeconomic instability. Trump is not satisfied with the 25 basis point rate cut in September; his recent direct involvement in firing Federal Reserve Board member Cook aims to accelerate this process. As long as the same few individuals remain voting, rate cuts will be as difficult as constipation.
The best solution is to replace all the voters with their own people. The current macroeconomic situation is the fundamental reason many institutions are hesitant to take action. After all, the independence of the Federal Reserve is no longer there, and whether the dollar's hegemony and consensus will collapse, or if the U.S. Treasury and stock markets are on the verge of crashing, are all strongly related to Bitcoin's movement.
The Wall Street Journal has already hinted at this; many institutional funds are choosing to wait and see, at least until the September rate cut is finalized or the results of Trump's and Cook's lawsuit are announced. Recently, even BlackRock has not been buying much, which is a clear indicator.
So is the imitation season really coming soon?
