Dec. 24 at 6:27 PM
$BITO the FED is still only focusing on short term treasury buybacks (or so they say), and Bitcoin pumping is the only lifeboat for BITO at the moment….yet, Bitcoin need to see the FED involved in the longer end of the yield curve to provide that liquidity boost.
However, because the FED is focusing on buying treasury bonds, it’s still inflationary, even though what they are buying is cheaper…it’s still inflationary. This means that even though Bitcoin is going through a rough patch, IMO it will eventually start rising higher to adjust for future inflation.
The only reason why Bitcoin isn’t pumping, is because the market isn’t perceiving FED intervention as “massively” inflationary, even though it is still inflationary because they are still buying debt. It’s probably just gonna take a little bit longer for the market to realize this.
