BITCOIN'S PROPOSITION AS BEING A STORE OF VALUE (DIGITAL GOLD)
The FED's balance sheet expands again, we are now up to the same levels as we were in November last year and this is from the banks' bailouts. Banks borrowed 159 billion dollars from the FED's discount bailout, 12 billion dollars from the newly created BTTP, and 142 Billion from the new bridge bank created by the FTIC and some minor drop in their holdings of mortgage-backed securities. Then, the purchasing power of that Fiat becomes less versus scarce assets like Bitcoin or Gold. In other words, the price of scarce assets as measured in Fiat goes up. In 2021, Credit Suisse had assets under management of over 1.6 trillion Swiss France, and this much money means a lot to of people trusted Credit Swiss. With the bailing out of the banks, the CPI seemingly coming down a little, a pump in the market is expected, and the market sentiment is still bearish.
Gold, Silver, and Bitcoin have rallied and the trend is still up. The Uranium companies were thrown out with the bathwater of the general stock market, some are in breakdown mode. The FED are the policymaker, they will watch the liquidity situation very closely and probably rounding into a brick wall in the near term to raise interest rates. The markets have changed opinions many times, and right now the markets seem pretty convinced that the FED will raise one step next month.