Bitcoin’s reputation as ‘digital gold’ is bolstered by substantial ETF inflows, signaling strong institutional interest and a shift in investor sentiment from traditional stocks.
The Kansas City Fed’s Labor Market Conditions Indicators indicate continued decline, suggesting increased recession risks and deteriorating job conditions due to tight Fed policies.
If labor market conditions worsen, demand for Bitcoin is likely to rise as investors seek refuge in non-correlated assets amidst economic uncertainty.
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