10x Research: Still adhering to the strategy of "Bullish on BTC, Bearish on ETH"
The well-known investment research institution, 10x Research, stated in its latest article this morning that the CPI recorded 3.3%, just as we expected in our report last week. The CPI recorded a lower value (3.3%), which is the second decline since the inflation peak in April, and it should be good news for Bitcoin.
In addition, although FOMC expects only one rate cut within this year, the market still anticipates two cuts. Just like the highest inflation data we saw this year, FOMC is likely to adjust their expectations before the end of the year. The stock market has safely completed adjustments for anticipated rate cuts and has rebounded already; this should also be positive for Bitcoin.
In summary, we still stick to our strategy - hold Bitcoin and avoid other assets (like Ethereum). Our previous analysis shows that lower CPI data often drives up Bitcoin prices; we expect this trend will continue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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