
OrangeBTC's Callahan says financial repression is already here, bitcoin doesn't need rate cuts
- —Dollar purchasing power has fallen more than 20% over five years
- —Core PCE averaged 3.7% while the Treasury market suffered its steepest drop on record
- —Callahan: 'all roads lead to currency debasement' as global debt keeps rising
- —Financial repression helps governments but hurts households and savers, he said
Why it matters: A case for bitcoin as a hedge against currency debasement rather than a bet on Fed easing.
Source: Digital Today