Shut The Exits, Turn On The Money Printers

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In this video, I discuss the closing of Silvergate, Signature, and Silicon Valley Banks in the context of the Fed's tightening policy coming to an end.

There may have been a conscious effort by government officials to try to close the on-ramps to Bitcoin and crypto before the Fed turns back on its money printers.

The Fed has hiked enough to cause a US bank run, so it is quite likely that the Fed is done, apart from a small 25 bps hike in March.

Bitcoin's price action suggests that the money printers are coming back online and that this Bitcoin bear market is over.

Governments can try to close the on-ramps, but Bitcoin will still be the best life-raft out there to protect against the flood of monetary debasement.

Not investment advice! Consult a financial advisor.

Hawkish Powell puts 50 bp Fed rate hikes back on table:
https://www.reuters.com/markets/rates-bonds/hawkish-powell-puts-50-bp-fed-rate-hikes-back-table-2023-03-07/

FedWatch tool for Fed Funds Futures:
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

US core CPI tops estimates:
https://www.bloomberg.com/news/articles/2023-03-14/us-core-cpi-tops-estimates-pressuring-fed-as-it-weighs-hike

Trying to blame Signature Bank collapse on crypto:
https://www.bloomberg.com/news/articles/2023-03-14/why-did-signature-bank-fail-inside-the-old-school-new-york-bank?srnd=premium

Signature Bank Was Shut Down to Send 'Anti-Crypto' Message: Barney Frank:
https://decrypt.co/123346/signature-bank-shut-down-anti-crypto-barney-frank

Silvergate shuts down:
https://www.cnbc.com/2023/03/08/silvergate-shutting-down-operations-and-liquidating-bank.html

Operation Chokepoint 2.0 extending to small US banks:
https://twitter.com/wtogami/status/1635400774158290944

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#fed
#bitcoin
#crypto

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