Toxic Bitcoiner
· 2w
I’m with nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak : Stablecoins don’t significantly contribute to net new demand for US treasuries, such that is strengthens the dollar...
The narrative has an impact.
It's like when the Fed "jawbones" the market - they can influence the market without any actual policy change.
The bigger picture is the establishment of a pseudo-CBDC nightmare.
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