Christine Kim (Galaxy Research) on ETHDenver & Upcoming Ethereum Upgrades
Galaxy Brains
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The Dollar Is a Risk Off Hedge That Pays, Right?
The dollar has this unique combination of being a hedge, but also being a hedge that pays. And so it's starting to get very compelling just to sit in dollars and just sit in overnight rates or short-dated duration. It's a risk off hedge in case the world is like we got to sell all risk assets, it's going to do well in that environment. But Powell yesterday was like, hey, we'll go 50 if we have to. They're stuck.
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