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Bank of America's chief investment strategist Michael Hartnett just dropped a bold take on the Fed's next move. According to him, the central bank will have no choice but to slash rates soon—and here's the kicker: $BTC might be the earliest signal that policy capitulation is coming.
Hartnett's logic? Bitcoin has historically acted as a leading indicator when markets sense shifts in monetary policy. If the Fed's about to blink, crypto could sniff it out before traditional assets even react. With inflation still volatile and recession fears lingering, the pressure on Powell's team keeps mounting.
The question now isn't if the Fed cuts—it's when. And if Hartnett's right, watching Bitcoin's price action could give traders a head start on positioning before the official pivot happens. Rate cuts typically fuel risk assets, and BTC tends to front-run that liquidity wave.