NuclearBitcoin on Nostr: Why is #Bitcoin pumping you ask? Bc banks loaned out all of your money & bought ...
Why is #Bitcoin pumping you ask?
Bc banks loaned out all of your money & bought treasury bonds that should be appreciating but are actually depreciating due to all the rate hikes which is resulting in a negative bank balance sheet when comparing their assets & liabilities.
This is causing banks to default & ask for more loans (bailouts) from the Fed or other banks.
Published at
2023-03-17 13:58:32Event JSON
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"content": "Why is #Bitcoin pumping you ask?\n\nBc banks loaned out all of your money \u0026 bought treasury bonds that should be appreciating but are actually depreciating due to all the rate hikes which is resulting in a negative bank balance sheet when comparing their assets \u0026 liabilities. \n\nThis is causing banks to default \u0026 ask for more loans (bailouts) from the Fed or other banks.",
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