Mayday

The author argues that recent Fed and US Treasury actions amount to stealth money printing that will add dollar liquidity and support crypto prices. He cites the Fed's reduction of quantitative tightening from $95 billion to $60 billion per month, which he says adds about $35 billion in monthly dollar liquidity. He also points to the FDIC's $667 million cost for Republic First's resolution and the $6.7 trillion in uninsured deposits reported by the St. Louis Fed, which he says effectively guarantees all US bank deposits. He predicts Bitcoin will rally above $60,000 and trade between $60,000 and $70,000 until August.