Liquidity is coming. The TGA will start climbing but crypto will lag behind as it has done historically. With QT out the door and QE ramping up the market dynamic will shift. Much of the current crash was engineered to weaken the dollar. Liquidity in the system will drive this market higher. Love your content. LFG!
@chooserich While at the same time the treasury companies do provide a solid volumetric foundation that remains static and typically unaffected by the ebbs and flows of the retail market moving in and out of positions whether due to FOMO or Panic selling.
Brother, you can't understate counterparty risk. With direct ownership of the underlying asset you can strip out counterparty risk, among other risks. De-risk the position and still ride the upside. To me all these treasury companies are good for is to promote the widespread adoption of crypto which cascades down to new buyers and investors.