I’ve said it before, this sideways price action together with liquidity leaving our space is the perfect storm for a reaction to happen.
Sidelined after this Pepe mania.
We’re getting a third chance to pick up another $ETH and $LDO bag at a good price. 🫡
@coinmamba@echodotxyz 2017 had one great tech. ICO's, most projects were shit but the ability of people to come together and participate in these raises where amazing.
Chad cobie is trying to bring this back. 🫡
@echodotxyz Back in 2017 a lot was wrong within our industry but one thing that stood out and was actually a highly valuable mechanism were ICO’s and how accessible they were to us users.
It kinda all died off and went into fair launch memes, yield farming and now points.
Hyped for ) )))
Let’s continue game theory on what US banks should do right before BTFP expires. Let’s be extreme.
Assume every eligible bank repos their entire treasury and mbs position, which is ~$4tn, at par. They are essentially paying Fed funds of 5.5%.
Now they have $4trn of cash what do they do? This needs to be a relative risk free arb.
I can’t think of anything easy to do with this cash. Which leads me to believe BTFP balances might grow a bit pre Mar 11, but not that much. The Fed closed the risk free arb, so if you a bank that’s healthy *now, why use the BTFP.
But if Powell doesn’t deliver on rate cuts, qt taper or qe restart, banks go from healthy to insolvent as bond market sells off. And now after Mar 11 there is no more BTFP.
What do y’all think?
@scupytrooples I would like to discuss a bounty with you. I am offering a 10% bounty of any tweets stolen from my timeline, which are yours to keep if you return the remaining 90%