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Bitcoin Benefits From Tight Dollar Liquidity
When a euro-1-year basis swap is at negative 1.93, what does that mean? Does that mean that when dollars are harder for european banks to secure, the price of Bitcoin goes up or down? What does that means? Bitcoin goes up to negative relationship here means that tighter dollar liquidity is actually positive for Bitcoin. So maybe that might speak to those people who believe that Bitcoin does a safe haven asset as well. In times of stress, Bitcoin has value as a flight to quality trade to degree.