It is important to note that while loan standards are tightening—
a) total US bank lending is still rising, and
b) businesses have locked in low rates and pushed out their maturity wall, so the tighter loan conditions haven’t translated into higher corporate interest expense yet.
If #Bitcoin doesn't go to 1 million+, it will be because of Bitcoin derivatives and paper-IOUs. (ex: FTX) How do we fix that? Not for us maxis, but for normies who use #BTC?