Replying to Avatar Mike Brock

I know the argument is going to be that BTC is rising after the debt-ceiling deal because the deal represents debasement. But this isn't the real reason. The reason is risk premiums are falling. We're going to see equities markets surge, too.
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Rock 2y ago

What’s your sense on what’s causing the risk premiums to fall?

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Mike Brock 2y ago

The bipartisan deal to raise the US debt ceiling, averting a global credit crisis.

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Rock 2y ago

Got it! I just didn’t understand what about the raising of the ceiling would cause the premiums to fall. Always appreciate the insights and often learning a lot from you 🙏