# Full Send Everything 🚀

> The FED Pivot is HERE

**Published by:** [Web3 Academy](https://paragraph.com/@web3academy/)
**Published on:** 2023-12-15
**URL:** https://paragraph.com/@web3academy/full-send-everything

## Content

GM DOers! 😎 The moment we’ve all been waiting for is here (...almost) During yesterday’s FOMC meeting, FED Chair Jerome Powell gave the greenlight for memecoins to pump back to ATHs and said investooors should prepare to leave their parent’s basements. 🚀Okay, I admit those weren’t the exact words he used, but if you read between the lines, that’s basically it. The FED left interest rates unchanged at 5.25% - 5.50%. They also said they’re done raising interest rates for now, and they plan to even lower them 3 times next year, starting in the second half of 2024.Now, since they lied about raising rates 3 times in the second half of this year, I think they’re also lying about lowering them so late next year – I expect the lowering to happen much sooner and lower. Regardless, the main takeaways are:The FED is happy with the current decline in inflationThey’re done raising interest rates & plan to lower themThey expect a slight increase in unemployment They predict moderate economic growth over the next couple of yearsAll of this means that the stars are aligning for risk assets like stocks & crypto, and that we should prepare for a super bullish 2024. Let’s go over the various factors that will give us a 2024 where generational wealth will be made by those who start acting today. 🤝 Together with ParagraphParagraph powers modern newsletters, enabling readers to own their content and creators to share revenue with fans. Web3 Academy has already transitioned to Paragraph because it’s the future of newsletters. If you're a creator, writer, or keen reader, explore Paragraph's early opportunities!Check Out Paragraph TodayMacro Overview 🌐In 2024, the FED plans to cut interest rates by 75 basis points & bring inflation to 2%. Even the US Secretary of the Treasury, Janet Yellen expects that to happen. Insider Paper @TheInsiderPaper BREAKING: US inflation should return to 2% range in 2024: Yellen insiderpaper.com US inflation should return to 2% range in 2024: Yellen The United States is likely to see inflation return to the Fed's target range of two percent by the end of next year, US Treasury Secretary Janet Yellen 182 21:32 • 13 Dec 2023 Pair that with the fact that US Elections are coming in 2024 & we can expect an extremely bullish period. Here’s a chart (blue line) predicting what’s likely in store for the S&P 500 in 2024, based on the performance from past election years. If you’d like more context about this chart, you can read our Stars Are Aligning report here.The markets are already reacting. The S&P 500 is just a few % away from its ATHs. Web3 Academy 🟣 @web3academy_ *Everything pointing towards a recession* S&P 500: See ya 6 13:08 • 14 Dec 2023 The Dow Jones Index just surpassed its all-time high.And, the NASDAQ is sitting at ATHs too.Why am I talking about the stock market? Because crypto is heavily correlated with stocks. Tech stocks to be specific. Therefore, when trying to predict where crypto is headed, it’s good to look at what's happening in the stock market. Historically, the NASDAQ index, which includes many tech stocks, has been the best indicator for crypto. NASDAQ 📈 = Crypto 📈 NASDAQ 📉 = Crypto 📉 Right now, the NASDAQ is sitting at an all-time high while Bitcoin is still 40% away. Do with that information what you will. 😁 So we’ve now established that macro is bullish! But what about crypto? Does it have anything going for it in 2024? Let’s see. Regulatory Clarity-ish for Crypto 🔍SBF was found guiltyCZ is out of the picture Binance settled with the DOJRipple was deemed ‘not a security’Grayscale won its lawsuit against the SECWhat does all of this mean? A few things. Firstly, all the big bad actors are gone (...we hope). There’s no more smoke in crypto. That was all cleared when Binance settled with the DOJ & paid a $4 billion fine. Secondly, as much as the SEC tried to crack down on crypto, they’ve been continuously unsuccessful, showing that they can't hurt this industry in the long-term. Thirdly, institutions like BlackRock, Grayscale & Franklin Templeton have met with the SEC multiple times during the past 30 days, indicating that a Spot Bitcoin ETF is just about to be approved. ✅ Bitcoin Magazine @BitcoinMagazine Institutions continue to meet and work with the SEC on their spot #Bitcoin ETF applications, advancing to "key details". Approval soon? 3,892 0:05 • 10 Dec 2023 Bitcoin’s Supply & Demand Shock 😲I don’t think I need to tell you that a Spot BTC ETF is coming, right? You know that already. What I will say is this. Here’s the impact that the ETF had on the price of Gold. The same will happen for Bitcoin. The demand is about to go through the roof. 🚀 Once the Spot ETF is approved (most likely coming before January 10th), billions of dollars will start flowing into crypto. To add fuel to the fire, the Bitcoin halving – which cuts the miner's reward by half, thereby decreasing the rate of new Bitcoin creation – is just 120 days away.The ETF approval, which will increase the demand for $BTC, paired with the halving which will decrease the supply of $BTC, will cause a supply and demand shock for Bitcoin like we’ve never seen before. That’s starting to happen already… The amount of Bitcoin lying on exchanges is at an all-time low. There’s only ~2.3 million $BTC up for grabs right now. And those who already own $BTC aren’t thinking about selling. More than 57% of all $BTC in circulation has not moved in the last 2 years. 🤯We’re seeing similar trends happening on Ethereum too. Ethereum’s Supply & Demand Shock 😲Once the Spot Bitcoin ETF gets approved, I think one for Ethereum will follow shortly after. BlackRock has already filed for it, so it’s only a matter of time. In anticipation of this ETH ETF, I think everyone will flock to buy $ETH, driving the demand up. 📈 Furthermore, similar to how nobody’s selling Bitcoin, nobody’s selling $ETH either. In fact, people choose to stake their $ETH instead to generate a 3.5% annual yield. The amount of staked $ETH is currently at all-time highs, with no indication of slowing down. In addition, at the current rate, Ethereum is burning 0.5% of its supply every year. That’s nuts.To add fuel to the fire, Ethereum’s EIP-4844 is planned for early 2024. This upgrade will lower transaction fees and boost efficiency on Ethereum and L2s by introducing a new way of storing temporary data. This will likely increase onchain activity on Ethereum & L2s, which in turn will lead to even more burned $ETH. Ethereum is about to enter its first bull market in which it’s got a burning mechanism. The amount of $ETH that’ll be burned in the next few years will be insane.A TL;DR 🧵Friends, everything is aligning right now…Inflation dropping to manageable levelsFED to cut interest ratesStock market reacting well to upcoming rate cutsCrypto prices rising alongside stocksUpcoming Bitcoin ETF will boost Bitcoin demandBitcoin halving set to reduce Bitcoin's new supply, causing a supply shockHolders not selling Bitcoin and EthereumStaked Ethereum is at ATHsEthereum's upcoming upgrade will increase onchain activity, leading to more burned $ETH, making Ethereum more scarceIt’s all coming together, just as predicted 1 month ago. Kyle Reidhead @KyleReidhead Interest Rates Inflation Unemployment $BTC Spot ETF < 60 days away $ETH Spot ETF < 6 months away Bitcoin Halving < 5 months away Global Liquidity about to Do you see what's happening here? 56 19:48 • 15 Nov 2023 If you’re not bullish right now, I don’t know what to tell you apart from the fact that 2024 will most likely be a massive year for investors. Don’t fuck it up! If you’re ready to make the most of this bull market, I’d love to welcome you on the PRO side, where we’ll keep you up to date on the latest trends so you can invest successfully.Upgrade to PRO TodayThanks for reading. And remember, you're strong, you’re powerful, you’re alpha! ❤How'd you feel about our read today?⭐⭐⭐⭐⭐ Loved it!⭐⭐⭐ Decent!⭐ Kyle, step it up!Are You Fairly New to Crypto & Web3?Let us help you wrap your head around this industry that’s constantly transforming. Take our Free 1-hour Web3 Rabbit Hole Course to learn the foundational components you need to start building and investing successfully.Take Free Rabbit Hole Course NowJoin us on Discord | Follow us on TwitterAdvertise with Web3 Academy Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.

## Publication Information

- [Web3 Academy](https://paragraph.com/@web3academy/): Publication homepage
- [All Posts](https://paragraph.com/@web3academy/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@web3academy): Subscribe to updates
- [Twitter](https://twitter.com/web3academy_): Follow on Twitter

## Optional

- [Collect as NFT](https://paragraph.com/@web3academy/full-send-everything): Support the author by collecting this post
- [View Collectors](https://paragraph.com/@web3academy/full-send-everything/collectors): See who has collected this post