Damus
Lyn Alden · 77w
One of the big macro questions is when will the US banking system run into the liquidity floor, requiring the Fed to end quantitative tightening? Due to current regulations and the "ample reserve" reg...
EVERYTHING  profile picture
Beautiful thesis Lyn, my general question therefore remains, why would the global price of bitcoin go up when it's the US causing the expansion, as opposed to say Egypt's form of QE in Egyptian Pounds.

Sorta seems like the price increment globally depends on what only the Fed or Tether does

Do you disagree with this assesment
2
shortwavesurfer2009 · 77w
This is only a guess but my guess would be that if you are using Egyptian pounds or whatever to buy Bitcoin or Monero or such that the price in that particular currency would go up although it would affect the US dollar price very little because the Egyptian pound or whatever is very small compared ...
Lyn Alden · 77w
When the US does QE it generally weakens the dollar relative to other currencies for a period of time. Many countries have dollar-denominated debt, and so a weaker dollar improves their domestic liquidity conditions. Bitcoin’s strongest correlation is with global liquidity conditions, of which the...