Inflation Data Pump🚀 $70k Bitcoin Next?

The U.S. Producer Price Index (PPI) for July showed a modest increase of 0.1%, barely surpassing market expectations which had anticipated a 0.2% rise. This minimal difference suggests a deceleration in the inflation rate, and a decrease compared to the 0.2% recorded the previous month. On an annual basis, the PPI rose by 2.2%, also below the 2.3% forecast, although the previous annual rate was revised upwards to 2.7%.

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00:00 Intro
00:35 Sponsor: Coinbase
01:50 PPI falls short + CPI Expectation
04:11 Bitcoin macro set-up
05:17 Eric Balchunas – Without ETFs, BTC would be at $20K
07:55 Eric Balchunas – Wirehouses are here
09:21 Eric Balchunas – SEC going after Morgan Stanley for offering ETFs
12:11 SEC going after Uniswap
13:32 BlackRock L2
14:07 Bitcoin still trading flat after Trump/Elon Interview
16:00 Kamala copies Trump on cutting taxes on tips. Crypto next?
18:03 Charts
18:30 Outro

#bitcoin #crypto #Ethereum
~Inflation Data Pump🚀 $70k Bitcoin Next?~
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