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All moments › CLARITY Act Failed, Fed HIKE Tomorrow — What Happens to Crypto Next?

Bitcoin needs equities higher, dollar weaker, yields lower for continued risk-on environment.

From CLARITY Act Failed, Fed HIKE Tomorrow — What Happens to Crypto Next? · jumps to 25:54 · speech

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We don't want to see that. So I would like to see equities catch a bid here basically. And maybe we get a little bit of a sell off to begin with because of CPI fears and then maybe another leg up. But best case scenario for Bitcoin going higher, I think is for equities to go higher and have another leg up. And for the dollar to roll over and push down and for the yields ultimately to come down as well, you could argue we've swept out this high now. Maybe that's what that's all it took, right? Is we're just taking the top side of this range and maybe now we're going to rotate back lower. And that would be the most conducive of a continued risk on environment. But until then, I'm cautious.
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