Can we please stop calling it "Quantitative" Easing or Tightening? Quantitative derives from the word quantity which implies measurable. There is nothing measurable about the mess we are in. This is just a random walk based on actions taken by people who are neither data driven nor all that intelligent.
Very surprised by the Bitcoin price action one day before the March FOMC. If nothing else, was hoping for a major pump fake from the degens. This is getting boring.
At some level, listening to all the explanations on why the current financial system is failing is like taking a class on turd polishing. Why bother... You own Bitcoin. Fuck it and move forward with your life.
Quoting #[0]
"Bitcoin's price in dollars might be it's least interesting aspect"
I'm gonna have to disagree. After watching this week's rally, I think BTCUSD is the purest signal there is in measuring the public's confidence in the legacy centralized financial system. By this I mean, central banks, the banking system at large, and centralized crypto exchanges.
Just like FTX's collapse signaled a lack of confidence in centralized exchange and custody, last week's rally signaled lack of confidence in tradfi.
What if... JPow announces a 25 bps rate hike next week and about 15 minutes into his press conference as everything takes a nose dive, reverses course and says - Psyche! I meant 25 bps rate cut. I give it 25% odds.
This guy... I used to think he was an intellectual. That was until he started talking about bitcoin and finance in general. He's now been downgraded to dumbass 2nd class.
https://www.youtube.com/watch?v=GKE_QisvmdY