If one sat gets to the price of Bitcoin we’ll be filthy rich!!!!
(This is actually how shitcoiners think, they can’t even calculate market caps)
Discussion
After all this madness, things will go left at the Fed and BTC will shoot up this week
Shoutout to those who have the capital to wether the storm 🫡
If the Fed sends a clear signal that they will end the hikes, BTC will continue to go up.
If the Fed sends a clear signal that will continue to raise rates to 5, 5.5%, maybe even more, we will have a "retracement".
There really isn't more to it.
Even if you believe (like I do) that a lot of the incoming volume is not entirely speculative, but truly looking for refuge, bagging a 15-30% profit in one week, then exiting BTC to buy bonds is the most likely move for the type of people who moved the BTC price up these past few days.
TBH the whole SVB bailout made it clear the Fed is fucked, they have no more feet to stand firm on. Likely pause on Wednesday, then clear speculative and free for all mayhem for people to decide to do what with their liquidity
I personally think they purposely went after two banks that were critical to the crypto industry, not to destroy it, but to coopt it.
Either because they will now sell them for a buck to J Morgan or whoever, and thus control the infrastructure, or because the centralized exchanges will have no option but to work with FedNow once it's released.
The result is the same either way. The Fed will now control the exchanges and Circle. A possible counter is to just get the fuck out of the US and move to a less crazy jurisdiction... London calling?
Now, beyond this, if they can also cause the collapse of the "unwashed masses" of banking, i.e., the regional banking network, so they can crank up the consolidation another notch and fatten up their 5, 6 megabank cronies, that's also a very welcome outcome for them.
Finally, call it whatever you want to call it, but they're back at injecting hundreds of billions into the system, AKA causing massive asset inflation. Which is also good, because again, who profits from that? Blackrock and the rest, who have the money to out-buy everybody else.
So my personal bet is that they will keep at it for a while and will not ease up with the rates for now, while they simultaneously keep shooting themselves in the vein with more "liquidity".
Yeah you are def 100% right, I agree but it’s one of those things that it’s like, damn you know it’s right but we’re all going to be tucked in the end sadly smh
(I know, I know 😂)