JPMorgan Says Era of Cheap Money Is Over as Most Americans Missed Bitcoin’s 22,700% Rally - finance.biggo.com

JPMorgan Says Era of Cheap Money Is Over as Most Americans Missed Bitcoin’s 22,700% Rally - finance.biggo.com

Source: finance.biggo.com

DW NOTE

JPMorgan's "era of cheap money is over" framing arrives a full year after the Fed pivoted to cuts and six months after the Strait of Hormuz closure put the entire monetary narrative back in flux. The institution spent 2009–2021 telling clients to buy equities with both hands because rates would never rise, then spent 2022–2024 saying the opposite. The 22,700% Bitcoin figure is correct but meaningless without a timeframe — measured from the 2011 low it's a fourteen-year compounding story, not a single-cycle windfall. Most Americans also missed the 1990s NASDAQ rally, the 1970s gold move, and the postwar equities boom. Hindsight asset-class shaming is not analysis.

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