Market Prediction - Arthur Hayes predicts Bitcoin could reach $3.4 million by 2028 if the Fed implements large-scale money printing [1] - This prediction is based on the potential creation of over $15 trillion in new credit under Trump's yield curve control plan [1] - Hayes emphasizes that the $3.4 million target is directional, highlighting Bitcoin as a strong asset during monetary expansion [1] Monetary Policy Impact - The prediction is contingent on the Fed adopting large-scale money printing under Trump's yield curve control plan [1]

Market Trends & Crypto Implications - Interest rate cuts are typically bullish for crypto markets [1] - CryptoHayes suggests a deeper impact this time, potentially linked to yield curve control [1] Key Crypto Projects & Developments - Discussion of Solana DATS [1] - Examination of new ETF standards [1] - Analysis of Base token [1] - Tether USAT release is mentioned [1] Regulatory & Political Landscape - A crypto-friendly SEC is noted [1] - Banking lobby's stance against crypto is discussed [1] - Paul Atkins' perspective is included [1] Global Impact - The revolution in Nepal is mentioned, potentially in relation to crypto adoption or usage [1]

Core Viewpoint - The average 30-year fixed mortgage rate has recently declined, reaching a calendar-year low of 6.35%, with expectations for further decreases due to various market factors [2][3]. Group 1: Mortgage Rate Trends - The average 30-year fixed mortgage rate has edged down in recent months, influenced by a compression of the mortgage spread and a renewed investor interest in mortgage-backed securities (MBS) [3][4]. - The daily rate reported by Mortgage News Daily was 6.13%, indicating potential for further declines in the coming weeks [2]. Group 2: Economic Influences - Softer-than-expected labor market data and expectations of a shift in Federal Reserve policy from restrictive to neutral have contributed to downward pressure on mortgage rates [4]. - Analysts at Bank of America project that the average 30-year fixed mortgage rate could end 2025 at 6.25%, suggesting that much of the anticipated decline is already factored in [5]. Group 3: Future Projections - A path to a 5% mortgage rate could emerge if the Federal Reserve engages in MBS quantitative easing and yield curve control, potentially lowering the 10-year Treasury yield to 3.00%-3.25% [6]. - A significant economic downturn could lead to a flight to safety, increasing demand for Treasuries and further lowering mortgage rates [8]. - Bank of America believes that a drop to a 5% mortgage rate would likely occur in response to negative economic conditions or a change in central bank policy regarding MBS purchases [9].