What the Fed rate cuts mean for bitcoin
Plus a look at IEO performance and some funding and M&A news
The Fed cut interest rates today for the first time in bitcoin's life. This move is interesting directly because lower rates lead to more money in the markets. It's interesting symbolically as it represents a narrative evolution where financial markets are actively finding their way to and discussing bitcoin as a hedge. We also look at IEO performance a few months into the phenomenon and do a quick roundup of funding and M&A action - it's all infrastructure and base layer protocols.
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