💩What is Powell thinking?
On one hand, he promised to buy treasuries worth $40 billion over the next 30 days and continue purchasing treasury bonds for the next several months.
On the other hand, he points to the rates approaching neutral territory, hinting at a cessation of monetary policy easing 😒
The desire of the Fed to transition to QE 10 days after completing QT may indicate serious problems in the economy.
I remind you that a move to $BTC in the range of 80k could crash the entire crypto market as Michael Saylor holds 660,624 bitcoins. The total acquisition cost is about $49.4 billion, which corresponds to an average price of approximately $74,696 per BTC. Shareholders will start to exit, and he will have to sell bitcoin to pay people back and buy back shares
BTCUSDT
Perp
89,821.1
-0.15%