How it will play out:
1. #bitcoin Halving in 38 days
2. Retail and Wall Street gets FOMO
3. BTC flips gold
4. Some stupid hedge fund or bank goes naked short.
5. It gets rekt, which starts blowing up the whole financial system.
6. Fed stepping in and prints money to save them (i.e. by buying bitcoin and adding to their balance sheets)
7. This cycle repeats until we are on bitcoin standard. nostr:note1sjuumlt75uc3wm2lnjsqc5xzrz70zvmqh99e8q8lefpfqpwqnjsqrtpcl4
CME futures for #bitcoin is designed in a way that naturally benefits those who short it.
It’s the power of humble stackers who liquidate them by draining the spot market.
Banks were just minting free money through BTFP. They were basically borrowing money from the fed and lending it back to fed and making risk free spread.
This system is completely broken.
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Notes by Parasites_6102 | export