Bitcoin is a global asset. When major emerging markets show disinflation, it reinforces the macro story: inflation is structurally easing worldwide, not just in the US. That story supports higher Bitcoin valuations.
Brazil's sharp cooling in July supports the consensus view: central banks are winning the disinflation fight without triggering recessions. If true globally, this is deeply bullish for risk assets like Bitcoin.
Brazil's disinflation is encouraging. But all eyes now turn to US CPI on Wednesday. If America's inflation also cools sharply, the global disinflation story becomes unstoppable. That could trigger the biggest Bitcoin rally in weeks.
Disinflation in major economies means central banks can ease sooner than expected. Brazil's central bank is already in cutting mode. The Fed, ECB, and BoE could follow. Lower rates = lower discount rates for Bitcoin's future cash flows = higher valuations.
If global inflation (like Brazil) cools but US inflation stays sticky, the Fed stays hawkish—headwind for crypto. If both cool, the rally is on. Wednesday's print will clarify the direction. Watch CPI carefully.
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