Treasury's latest measure isn't QE or YCC. Still, bitcoin is skyrocketing. Here's why.
The rally in hard assets isn’t necessarily about what the Treasury is doing, but what its move signals to the market.
Source: CoinDesk
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DW NOTE
The US can't trade oil through the Strait, can't fund a deficit without printing, and can't let rates rise without breaking the fiscal model. Bitcoin isn't rallying because of what Treasury is doing — it's rallying because every non-confiscatable asset is now a hedge against a government that has run out of options that don't involve inflation.