
Yeah we have been saying this all along too. When it seemed like everyone was super hawkish on Warsh we kept pointing to the dove scenario with room for looser policy ahead as our base case. His take on us still being in the early innings of this AI revolution plus that capex boom not feeding inflation really highlights the productivity side that lets growth happen without the usual price spikes. Overall it paints a dovish picture for rates which should help liquidity and feel pretty positive for risk assets like BTC. It may take a few months for people to catch on, but once the data start showing Inflation has peaked, then the cuts talks fire up again. Until then, I expect them to hold.
