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And Powell Said…. Not good for Bitcoin and the FED is Everything!

Feb 24, 2021 | Decarbonization, Demographics, Geopolitics, Inflation, Thematic, USA

The speech of today was far more interesting than the previous one!!!!

Some real important comments :

1 – He said this will be the year in which the FED engages with public on Digital Dollar!!! Exactly as expected and shared in our previous Global Macro Insight. The FED is late by one year vs the PBOC. In addition, the FED will never let the BITCOIN as a currency to purchase Telsas or iPhones…

2 – He said to have a mandate to ensure safety and soundless of financial institutions including how they manage climate change risk… Ok, the FED is Doctor and now a Climat specialist. The FED is able to cure any of our diseases…

3 – He said Supply Chain constraints don’t necessarily lead to inflation… That’s really interesting to know that American workers will enjoy being treated like any Uyghur…

The Market loves to hear that the FED can solve all problems and save any American!!!

During this time, the US10Y is challenging 1.40% and I am sure that we will see inflation above 2% before his target of three years, mainly while Biden is anchoring the Cold War 2.0 with China.

 

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