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The Fed Hiked, the 10-Year Hit 5%, and Bitcoin Eyes $90,000
The ten-year Treasury just hit 5%, and the Fed hiked for the first time since 2023. Jerremy Alexander Newsome and Dave Conley walk through what that does: a weaker dollar, higher asset prices, Bitcoin at $84,836, and, in Jerremy's view, an 85% likelihood of a recession or depression within ten years as part of the boom-bust cycle. Dave points out the cabinet has one engineer while 56 of 57 senior leaders in China hold technical degrees, and that diesel is feeding inflation across everything. Jerremy's chart walk covers NVIDIA back to $230, Bitcoin's next target of $90,000, and a small bearish…
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