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Alex Stuehmer
@alexstuehmer1
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Unapologetic Christian, Financial Services broker, Trader, Bitcoin only enthusiast. Ladies, I'm Not interested in OF type material. Don't waste your time.
Joined April 2022
RT @SenThomTillis: This disgusting threat was made against @elonmusk for helping President Trump eliminate government waste and protect tax…
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@ChrisCoons He's only been in office less than a month. These people are stupid. If these medications are about to expire it's because of the last administration and it really shows the need for oversight. Obviously getting medications to their destination was not important.
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RT @greg_price11: 🚨 Pam Bondi announces that charges have been filed against the state of New York, Gov. Kathy Hochul and AG Letitia James…
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There is no Correlation. From Grok. Immediate Reactions: From web data, it's noted that Bitcoin's price often reacts to CPI announcements, but the reaction isn't consistently in one direction. For instance, some reports show Bitcoin prices dropping when CPI rises (e.g., after a CPI increase from 7.5% to 7.9% in March 2022, Bitcoin's price fell by 6.37%), while other times, Bitcoin prices might increase even when CPI decreases (e.g., Bitcoin rose 9.68% following a CPI drop from 8.2% to 7.7% between September and October 2022). This suggests that the immediate market reaction might not strictly follow the theoretical expectation.
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From Grok regarding correlation between CPI and Bitcoin price. Immediate Reactions: From web data, it's noted that Bitcoin's price often reacts to CPI announcements, but the reaction isn't consistently in one direction. For instance, some reports show Bitcoin prices dropping when CPI rises (e.g., after a CPI increase from 7.5% to 7.9% in March 2022, Bitcoin's price fell by 6.37%), while other times, Bitcoin prices might increase even when CPI decreases (e.g., Bitcoin rose 9.68% following a CPI drop from 8.2% to 7.7% between September and October 2022). This suggests that the immediate market reaction might not strictly follow the theoretical expectation. Longer-Term Trends: Over longer periods, the relationship between CPI and Bitcoin price can be less direct. Factors like Federal Reserve rate hikes, which often accompany or follow high CPI, tend to suppress Bitcoin prices due to increased borrowing costs and a shift towards less risk-taking in investments. However, when CPI data declines, suggesting possibly lower inflation, Bitcoin has sometimes shown price increases, as investors might interpret this as a sign of easing monetary policy or economic stabilization.
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RT @DrJudyAMikovits: Ozempic - GLP inhibitors are literally snake venom Clay Clark: Dr. Judy Mikovits, what are yo…
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Ask Grok. I did. Here's part of the answer.... Immediate Reactions: From web data, it's noted that Bitcoin's price often reacts to CPI announcements, but the reaction isn't consistently in one direction. For instance, some reports show Bitcoin prices dropping when CPI rises (e.g., after a CPI increase from 7.5% to 7.9% in March 2022, Bitcoin's price fell by 6.37%), while other times, Bitcoin prices might increase even when CPI decreases (e.g., Bitcoin rose 9.68% following a CPI drop from 8.2% to 7.7% between September and October 2022). This suggests that the immediate market reaction might not strictly follow the theoretical expectation.
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@GaryCardone All I see is BTC eating up leveraged plays. This Bitcoin Beach ball is about ready to bounce into price discovery.
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@JoshMandell6 Doesn't take rocket science to figure out why and where she's going next. They can't hold this beach ball under water forever.
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