In a world ensnared by the ever-turning wheel of fortune, there resides a man, Samson Mow, a self-proclaimed prophet of Bitcoin, and the esteemed CEO of JAN3. With an air of confidence akin to a peacock proudly displaying its feathers, he gazes upon the latest tumult in the cryptocurrency arena, declaring that this current dip—oh, the audacity of it!—shall not linger long enough to collect dust.
The Ephemeral “FakeDip”
Ah, Mow has ingeniously birthed the term “FakeDip,” a specialized vernacular for those fleeting moments when Bitcoin’s value deceivingly tumbles, only to rebound with the vigor of a spring-loaded rabbit. Over the last forty-eight hours, this king of digital coinage has suffered a diminutive drop—4.14%, to be exact, akin to the shedding of a few insignificant autumn leaves, resulting in a loss of $108,860. Today, it found itself languishing at the $104,350 mark, momentarily attempting to rise to $105,480, only to stumble and fall into the abyss of lost hopes.
Always buy the FakeDip™
— Samson Mow (@Excellion) June 18, 2025
In a gesture reminiscent of a heroic rallying cry, Samson admonished his loyal followers on X, “Always buy the FakeDip!” urging them to cast aside their gloomy thoughts like an old coat. Yet, one must consider that such dips are but normal occurrences, like a prelude to the grand finale of a theatrical performance, typically preceding the crucial announcement regarding interest rates. Alas! The specter of military skirmishes in the Middle East looms like an ominous cloud, driving investors to forsake bonds, stocks, and their beloved Bitcoin, as they seek solace in the embrace of gold—a reliable refuge in these tempestuous times.
A Word of Caution from the Expert
As markets await the pronouncement from the illustrious Federal Reserve Chairman Jerome Powell, whispers among experts swirl like autumn leaves in a brisk wind. It is said, perhaps with a twinkle of sarcasm, that the Central Bank shall remain as unmoving as a statue in a park, unwilling to either elevate or diminish interest rates. For lo! Lower rates might lead to an exuberant surge in Bitcoin’s fortunes.
Dr. Komal Sri-Kumar, a macroeconomist of some repute, boldly appeared on CNBC’s Squawk Box, asserting that slicing interest rates would be an act of folly, given the unpredictable reverberations of trade tariffs under the banner of Donald Trump. The uncertainties of the global market are enough to make even the stoutest heart quiver.
“It would be irresponsible to cut interest rates now when you don’t know what the impact of tariffs will be,” says @SriKGlobal ahead of today’s Fed decision:
— Squawk Box (@SquawkCNBC) June 18, 2025
As the winds of change howled, let us not forget that tariffs, once enacted, will come home to roost. The chickens of Canada, the EU, and China have curiously paused their own tariffs, waiting for the opportune moment to act, should the U.S. decide to unleash its draconian measures upon cherished imports.
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2025-06-18 17:47