2min chapter

Swan Signal Live - A Bitcoin Show cover image

Andy Edstrom and Preston Pysh - E90

Swan Signal Live - A Bitcoin Show

CHAPTER

What Are Your Thoughts on the Dollar Rip?

Preston: I guess it depends on your knowledge and where you sit. So here's why. When you look at all those debt holders that had pound-denominated debt, they were about to get their face ripped off with yields potentially blowing out the 7% or 8%. As soon as they got backstop, they didn't have to deal with that blow,. which actually in a non-obvious way makes the pound actually stronger and the dollar weaker.

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