π¨CRYPTO PUMPS AS BOSTON FEDβS COLLINS SIGNALS FED READINESS TO ACT AMID CURRENT MARKET VOLATILITY; BTC TAPS $84k
The Bull Case: The Chinese government will try to keep the Yuan afloat by dumping US Treasuries. Stablecoin issuers (USDT and USDC are backed by Treasuries) will keep bidding Treauries to meet increasing demand for stablecoins from capital fleeing China. Net result: Yields will remain low, massive amounts of capitals will flee into crypto fuelling the biggest alt season to date. It's no coincidence that Tether mints $1bn USDT on Tron after the biggest weekly increase in yields since 2001.
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Larry Fink: Tokenization of the market, from stocks to bonds to real estate is coming, if we can solve one problem: digital verification.