F&G: 77

Price: $76,999 or $59,000

Hashrate: 720 EH/s

The Bank of England as well as the Federal Reserve have both cut their interest rates by 25 basis points today (0.25%). What does this mean?

It means money is getting cheaper to borrow. Lower interest rates means better loans for those looking for capital.

What does that mean for Bitcoin?

With more money in the system (because banks have to create the loans on a ledger) asset prices begin to rise. Assets go up. That means Bitcoin goes up. Stocks go up.

There’s been so much news to hit the timeline since Trump’s election win that I’ve actually struggled to keep up. I’m working on the first piece of the Bitcoin Fundamental series that I’ll be keeping on the website and I don’t have time to make this a lengthy or comprehensive update on the news so far.

All I can say is that it is bullish.

Very bullish.

I will do my best to summarise everything when the weekend rolls around.

Until then, just know that the bull run is fully charged and the race has begun.

HODL.