The Mustard Seed—a bitcoin and long-term thinking podcast QE-lite Sets Up Bitcoin’s 2026 Explosion with Joe Consorti
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Dec 11, 2025 In this engaging discussion, Joe Consorti, a bitcoin and macro strategist, dives into the implications of the Fed's recent policy resembling 2019's QE-lite. He analyzes why liquidity is returning and how bitcoin stands strong amid economic shifts. Topics include the K-shaped economy's winners and losers, the potential impact of a new Fed chair, and bitcoin's evolving market structure. With insights on credit dynamics and an optimistic outlook for 2026, Consorti makes a compelling case for bitcoin as an essential asset in today's financial landscape.
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Fed Returns To QE‑Lite
- The Fed's recent move mirrors late-2019 QE-lite with short-term Treasury buys expanding the balance sheet.
- That easing of financial conditions historically boosts risk assets, including Bitcoin.
Dovish Fed Chair Accelerates Easing
- A likely Trump Fed chair like Kevin Hassett would deepen dovish policy and accelerate cuts and balance sheet expansion.
- That would further ease financial conditions and be bullish for asset prices including Bitcoin.
Fiscal Dominance Is Driving Policy
- Rising US interest expense forces political pressure to lower rates and expand the balance sheet.
- Fiscal dominance ties the Treasury and Fed, making monetary policy subordinate to funding government interest costs.