"Prediction markets are now pricing a 54% chance of a hike before June next year. And as soaring energy costs continue to spike and inflation continues to run up, this environment could lead to hikes."

… This could kill crypto this year. There is a growing point of view. It's crazy to me that investors in the US are still under the impression that they're still going to get significant rate cuts this year. The prediction markets are pricing it in like this. There is only a 3% chance of a rate cut by the end of this year. Prediction markets are now pricing a 54% chance of a hike before June next year. And as soaring energy costs continue to spike and inflation continues to run up, this environment could lead to hikes. The Fed is in a tough spot. What do you think [music] is going to happen? Will Kevin Warsh cut rates this year? I think it's pretty obvious he's going to cut rates in the next one, one and a half, two years, but what happens this year? If you are a bear or if you believe that Bitcoin is in a traditional four-year cycle bear market, then the school …

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