#410: The Fed Is Trying To Bring Down The European Banks with Tom Luongo
TFTC: A Bitcoin Podcast
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The Fed's Tether Isn't Taken Out Yet
In order to keep Bitcoin liquid enough it's going to need to trade against something. Well can it trade against the synthetic proxy for the dollar that the Fed controls? So you only need one stable coin to do that. You get rid of all the leverage. And look, Bitcoin's trading. I don't know about you but Bitcoin's been trading really, really rationally the last five or six months,. certainly since FTX blew up. All the all the bullshit's been whipped out of the market. If you want to see what the dollar trade looks like after the year dollar, the shadow banking system has been collapsed back to a rational size.
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