An Unprecedented Surge! Bitcoin Flirts with $110K Thanks to Trump’s Fed Rate Revelations
In a whimsical post on Truth Social at the despicable hour of 10:00 a.m. ET, Trump proclaimed with all the gravitas of a theatrical performer that the U.S. federal funds rate was “at least 3 points too high.” The audacity! Such a call for a 300 basis point reduction suggests a fiscal burden upon refinancing costs totalling a staggering $360 billion annually. What a delightful calculation! Within half an hour of this proclamation, one might say Bitcoin decided to don its party hat as it steadily ascended, basking in the warm glow of traders enthusiastically foreseeing liquidity anew and a risk-on sentiment that could make even the most skeptical blush.