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Bitcoin was Made for This & Swan Private Macro Friday - March 17th, 2023

The Café Bitcoin Podcast

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BTFP

The Fed enacts the BTFP program. They kind of slap a piece of duct tape over the issue. You can get a loan by pledging your securities that went down in value at par. So you basically insulate these banks from the effects of rising rates. And because that's the thing that has broken I do believe the Fed can hike for another meeting or more. But I'll pause there. I would like to hear what other people have to say about that."

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