source avatarTimothy Peterson

Share

A Democrat congress is going to borrow money out the wazoo, which Trump has already said he is happy to accommodate. It is the only leverage tool for him to continue policy initiatives like, say border control. This will force the @federalreserve to raise rates, which will only depress home prices further, and keep people trapped in their mortgages indefinitely. I estimate another 7-10% drop in prices nationwide, on average, before there is anything even close to a reversal. Good for gold. Bad for bitcoin.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.