BitMEX Lianchuang: The Federal Reserve may restart money printing, and BTC may usher in a trend similar to March 2023
BitMEX co-founder Arthur Hayes, the Chairman of the Federal Reserve, Jaypow, and the US Treasury Secretary, Bad Burl Yellen, will soon be printing money. New York Community Bank ($NYCB) has announced losses due to a 10-fold increase in loan loss reserves. The market is expected to initiate bank bailouts, causing a sharp drop in 10-year and 2-year yields. Although BTFP and discount windows cannot solve the problem, Bitcoin ($BTC) may experience a slight drop. However, if banks such as $NYCB sell off, it is expected that new bailouts will soon follow, and then the price of Bitcoin will rapidly rise, similar to March 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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