Dr. Jeff on Nostr: Yes. China was waiting for the US dollar to break lower before rapidly increasing ...
Yes.
China was waiting for the US dollar to break lower before rapidly increasing their money/credit supply.
Given their relatively low yields on government bonds and a relatively strengthening currency vs the US dollar, copious debasement is about to ensue from China. 🇨🇳
Among other things, this bodes well for #bitcoin in fiat price terms.
China was waiting for the US dollar to break lower before rapidly increasing their money/credit supply.
Given their relatively low yields on government bonds and a relatively strengthening currency vs the US dollar, copious debasement is about to ensue from China. 🇨🇳
Among other things, this bodes well for #bitcoin in fiat price terms.
quoting nevent1q…hekfChina just changed how they calculate M1 Money Supply
Same thing that the Fed did in 2020
Are they gearing up for a massive liquidity wave?