Finally had time to listen to JPow (not that I like it but here we are)
- FED is not deterred by recent banking crisis, it wants to see inflation going down for good, rates up until necessary
- banks may receive additional saving graces (especially large banks), but that means the rest of the market has to deteriorate
- there is no soft landing anymore, FED wants to see unemployment end of story
What does this mean for bitcoin?
Meh, the 1M guy will lose his Milli, one block every 10 minutes anyway, the trading monkeys who see bitcoin correlated with equities will sell it.. let’s see if enough monkeys have understood: “not your keys not your coins” > banking. I doubt it..🙈 🙉 🙊
th_s4m0ht / Thomas Rossi
npub1fg…hnjqf
2023-03-23 00:17:18
Author Public Key
npub1fgxtu7t68hkxxdqgyz0qz3vk5zf4m75cdzt6xm0q7lntfx5azrrshhnjqfPublished at
2023-03-23 00:17:18Event JSON
{
"id": "cff845712fc17261b385578ed69ad307cb803409a9505e22d50d56380b0f400e",
"pubkey": "4a0cbe797a3dec633408209e014596a0935dfa986897a36de0f7e6b49a9d10c7",
"created_at": 1679527038,
"kind": 1,
"tags": [],
"content": "Finally had time to listen to JPow (not that I like it but here we are)\n\n- FED is not deterred by recent banking crisis, it wants to see inflation going down for good, rates up until necessary \n\n- banks may receive additional saving graces (especially large banks), but that means the rest of the market has to deteriorate \n\n- there is no soft landing anymore, FED wants to see unemployment end of story \n\nWhat does this mean for bitcoin?\n\nMeh, the 1M guy will lose his Milli, one block every 10 minutes anyway, the trading monkeys who see bitcoin correlated with equities will sell it.. let’s see if enough monkeys have understood: “not your keys not your coins” \u003e banking. I doubt it..🙈 🙉 🙊",
"sig": "f13536fdab2dc7fe2094e9b71295215fe5f376c2f186e7776d7475df503f8a18334ed09d2bf3806d9ce939221ce90df6f2c578eb7f108ab0d829d96e67f6426b"
}