George argues Bitcoin and crypto remain in a constructive trend despite a hotter-than-expected CPI print, pointing to ETF inflows, corporate BTC buying, and a new cycle indicator flashing green for the first time since 2023. He frames the current move as a slow trend higher rather than an explosive breakout, with broader liquidity and pro-crypto policy developments as the main supports.
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This was a live market open stream centered on Bitcoin, crypto inflows, and the macro backdrop. George opened by saying BTC was still around 81,000 after months of sideways action, and argued the market is now slowly trending higher toward the 90,000s if the pattern continues. The main macro negative was CPI at 3.8%, above the 3.6% estimate and above the prior 3.3%, which he said was mostly driven by energy costs and is a lagging indicator that could make it harder for the Fed to cut. He also noted Jerome Powell is about to leave the Fed chair role, while Waller had Senate approval and is likely to become the next chair. A major theme was that the political and liquidity backdrop still looks favorable for crypto. …
Near term, BTC is stuck in a tight consolidation around 81k with CPI acting as a mild headwind. The actionable setup is whether price can hold the low-80k zone and push through the 82k/84k resistance cluster without macro sentiment worsening.
Over the next few weeks, the base case is a gradual grind higher if ETF inflows, treasury buying, and alt participation stay positive. That view weakens if inflation keeps running hot enough to delay Fed easing or if flow data rolls over.
Structurally, the speaker is arguing that Bitcoin is entering an early bull regime backed by institutional ownership, ETF demand, and treasury accumulation. If that regime holds, the long-run implication is a broader and more durable crypto asset base than prior cycles.
Bitcoin was trading around 81,000 and has been moving sideways for months, but is now slowly trending up.
He describes the recent price path and his interpretation of the trend.
CPI came in hotter than expected at 3.8%, mainly due to rising energy costs, and that makes Fed cuts harder.
He explicitly links the reading to policy pressure.
Trump's upcoming meeting with Xi and the China summit could be a major market catalyst involving trade, Iran, Taiwan, and possible Chinese investment.
He presents the summit as potentially important for markets and geopolitics.
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