#Bitcoin loves the banking crisis π₯
Helping EVERYONE to make better crypto investment decisions.
π© In 10 bullet points:
π 1) Two weeks into a US banking crisis, we can argue that it is still early. Jamie Dimon is not yet bargain shopping (Bear Stearns), mid-sized US banks are asking the FDIC to insure deposits for 2yrs and First Republic Bank dropped -50% last night.
Members of our Telegram group (DeFi on Target) got this timely update to buy Bitcoin at 20,290 on March 11 2013 !!!
π 2) When there has been a banking crisis and deposits are at risk, Bitcoin has tended to perform exceptionally well.
π 3) Nobody who follows our research is surprised that Bitcoin has now rallied aggressively and as we pointed out earlier in the year, the Bitcoin rally is driven by buying during US hours.
π 4) In fact, Bitcoin is up +66% YtD and during US trading hours, Bitcoin rallied 47% while the cryptocurrency rallied by +16% during trading hours in Asia. Bitcoin has done nearly nothing during European trading hours - just +3%.
Our book is available on Amazon for pre-order β publication date: April 10
π 5) In our book, βCrypto Titans" (available for pre-order on AmazonΒ or link above), we analyzed all those banking, on-and-off ramp relationships and therefore we are aware of the impactΒ this might have on the industry.
π 6) Since the dip on March 10, Bitcoin has rallied by +44% and +31% of the rally was driven during US trading hours. Americans are buying Bitcoins with both hands - are you?
π 7) The Fed has hiked 4 consecutive times by 75bps, then stepped down to 50bps and the last hike was just 25bps. This step down is a very strong sign that the Fed is nearly done with hiking - ONE AND DONE - we think. 2yr treasuries are confirming this view.
π 8) Combined with the end of QT (quantitative tightening), this will give Bitcoin more breathing room to rally even higher. Especially as inflation is coming in lower at the same time. And inflation is declining fast.
π 9) The new liquidity that the Fed is providing through various forms will not find its way into the real economy and therefore inflation will not rise. We are back to the good old days of (selective) asset rallies.
π 10) Bitcoin is your best friend in this environment.
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