The Milk Road Show

Rate Cuts Are Here: Is Crypto About to Explode? w/ Michael Nadeau

14 snips
Sep 18, 2025
Guest
Michael Nadeau
Macro expert Michael Nadeau, founder of the DeFi Report, dives into the implications of the recent Fed rate cut for crypto markets. He discusses how expanding global liquidity could be a bullish sign for Bitcoin and altcoins, alongside strong retail sales indicating consumer strength. Michael analyzes the dynamics of on-chain Bitcoin holders and emphasizes the importance of new money inflows for a market breakout. With cautious optimism, he predicts a Bitcoin grind-up followed by an Ethereum rally that may kickstart altseason.
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INSIGHT

Labor Market At A New Equilibrium

  • The labor market sits at a new equilibrium with lower job-growth but stable unemployment around 4.3%.
  • That equilibrium and falling labor demand partly reflect tighter immigration and shifting supply dynamics.
INSIGHT

Tightening Credit Spreads Signal Risk-On

  • Credit spreads are tightening, signaling risk-on sentiment and easier access to capital for higher-risk companies.
  • That credit environment supports meme stocks, speculative names, and generally lower market volatility.
INSIGHT

Bull Market Looks Like Late Mid-Cycle

  • Historically the current bull is neither the largest nor the longest compared to past cycles, suggesting more room to run.
  • Nadeau places the stock market in a late mid-cycle stage rather than an end-stage collapse.
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