2min chapter

The Café Bitcoin Podcast cover image

"The Implications of Open Monetary and Information Networks" with Lyn Alden - March 27th, 2023

The Café Bitcoin Podcast

CHAPTER

The Pro Liquidity of the Bank Funding Facility

I think the bank funding facility is pro liquidity, but not QE. It basically has QE-like effects in these in these handable weeks that it's been active so far. In a long enough timeline, if Bitcoin adds like another zero to its market cap and just become bigger, more liquid, less volatile, obviously that's a useful asset as well. And I think that's natural state of things. I think it's transitions are always painful. But I think in the long term, it's both inevitable and it's basically a chance for rejuvenation and realignment. Len, we need to protect you at all costs because when I go on Twitter, all I see are

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