What drives bitcoin exchange rate to usd, rates or liquidity?
That’s the dilemma.
At some point, yes, the Fed will crash many families, companies and even countries with the debt burden by raising rates, on the other hand, they will need the Fed to buy treasuries and inject money to keep the US government alive and other organisms around the world that are dependent on the dollar.
I believe there’s probability that there will be a big flip in risk-on assets.
I believe there’s less probability that we’ll see a big crash in Bitcoin’s exchange rate again.
Honestly I hope there is to stack harder than ever and destroy my f**in bank account. But I just can’t imagine the US driven liquidity event driving the exchange rate below the realized price again.
Will see, and no matter what, keep stacking sats 🟠
Thoughts?