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Inflation is declining,
Oil prices have already fallen sharply,
The hawkish policy expectations for the Federal Reserve are a typical pricing mistake and won’t last forever.
Inflation will continue to ease, becoming an important positive tailwind for cryptocurrencies.
Save this and check back in September.
The talk of three rate hikes is purely to create panic, shake out traders, and accumulate positions.
In March, Wall Street expected one rate cut by the end of the year; after the Strait of Hormuz was blocked for 3 months, by June those expectations shifted to three rate hikes.
And now that the Strait of Hormuz has reopened, in 3 more months, by September, everything will be back to the original point -> expecting one rate cut by the end of the year.
Don’t let Wall Street play you back and forth.