2 trillion could be poured into the bottomless banking system. dollars! Three days ago, politicians said that “nothing terrible” happened, just think that three banks collapsed, and now they suddenly need trillions.
On the one hand, this reveals serious problems in the US banking sector - the Fed is trying to save the money of depositors of already collapsed and still shaky banks. On the other hand, a new huge flow of liquidity is expected since the coronavirus: printing money on such a scale will positively affect the growth of limited-emission assets such as #BTC and gold. The past crypto rally and Bitcoin reaching ATH coincided with a significant increase in US dollar issuance. And in general, it is always worth waiting out any crisis in protective assets.
The fact that the printing press would be turned on sooner or later was obvious long ago. Despite the fact that the banking crisis appears to be sudden, the prerequisites for what is happening were formed back in the 4th quarter of 2022.
It is also worth waiting for the next Fed meeting. If the regulator refuses to raise rates next week, the likelihood of a Bitcoin surge will further increase.
It’s only a little annoying that the US authorities want to sell the problem banks Silicon Valley and Signature - with the condition that in the future these banks will not interact with cryptocurrency. Agree, there is obvious pressure on the US crypto market. Either the Fed saw crypto as a competitor, or they want to bring crypto projects under full control.
