Macro Hang #5 w/ Jeff Booth, Preston Pysh & Greg Foss
Bitcoin Rapid-Fire
Bitcoin's Backstop Facility Provides Effective Yield Curve Control
I'm literally reading Greg's tweet right now. First Republic Bank halted. Down 30 38% on the day. Market cap is under 2 billion. He goes on. So, I mean, this is, this is huge. This is massive, because what we're really getting at with this. Nothing has been solved. Like they stepped in with this backstop facility and they added, you know, the numbers I'm hearing is like effectively a trillion in liquidity was added into the market since the start of this calendar year. And so, these act the swap lines that have have been open since thestart of the calendar year are just massive, because the euro dollar market is just starved of
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