Money Printer Go Brrrr
On this episode of the Unhashed Podcast: Institutions are unloading bitcoin, making an uncorrelated asset look very correlated. Were we all wrong about this? Hashrate is way down and it’s hitting chinese miners hardest. Are other miners next? And...the Fed announced quietly that it is moving towards an “ample reserves regime” with a 0% reserve ratio. Stocks proceeded to fall even further, despite the Fed’s best efforts to prop up the market. What sort of tricks do they have left in their bag at this point?