Macro

Fidelity's Timmer: Loose Fiscal And Monetary Mix 'Clearly Bullish' For Bitcoin - Bitcoin World

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DW NOTE

Fidelity's Jurrien Timmer is calling fiscal expansion plus stable monetary policy bullish for Bitcoin while the deficit runs $1.4 trillion through June — 3% worse than last year — and the Fed holds at 3.65% with no cuts planned. He's describing the current policy mix, not a hypothetical one. Whether Bitcoin benefits depends entirely on whether investors treat deficit spending as debasing or the Treasury market as stable. So far in August, gold is up 15.55% and Bitcoin isn't mentioned in the briefing.

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Fidelity's Timmer: Loose Fiscal And Monetary Mix 'Clearly Bullish' For Bitcoin - Bitcoin World

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