Banks vs. Bitcoin 🥊
Former Coinbase CTO, Balaji Srinivasan, advised people to "buy bitcoin now and get your coins off exchanges"
BitcoinBTC -1.2%, ethereum and other major cryptocurrencies have surged this week amidst a banking crisis that could be about to cause a massive Federal Reserve earthquake. Former CoinbaseCOIN -0.7% chief tech officer Balaji Srinivasan has warned the latest banking crisis could spark hyperinflation in the U.S.—and advised people to "buy bitcoin now and get your coins off exchanges."
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PBN Research
Weekend Roundup
Big Week For Crypto
https://bitcoinist.com/big-week-bitcoin-crypto-this-will-be-key/
The all-defining event will be the FOMC meeting and the interest rate decision by the US Federal Reserve Bank (Fed). In addition to the monetary policy decision, the Fed will also publish its updated projections.
Fed Panics: “US Dollar Swap Lines to Ease Crisis
Fed Panics, Announces "Coordinated" Daily US Dollar Swap Lines To Ease Banking Crisis
Fed tightening cycle ends in disaster and then, much more Fed easing
The Fed may as well formalize it now and at least preserve some confidence in the banking sector, even if it means destroying all confidence left in the "inflation fighting" Fed, with all those who were in charge handing in their resignation for their catastrophic handling of this bank crisis.
~This episode is sponsored by Kraken~ Kraken website ➜
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