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What if There Is No Fed Put Yet?
Bicoin is a put on the fed put. In other words, it means you own insurance that the fed is either not going to invoke the fed put or will do so in the future. The markets call their bluff and they say, i'm not doing this again cause, ey, single fed put has become too sharp. It's like the luna collapse - exactly what could happen to fiit currencies. A luna is basically fit on a digital block chain and ralized by a bunch of buffoons,. So exactly like central banking.