The Fed's balance sheet is almost $9T, which we all complain about here in r/Bitcoin.
We probably all also know that China is a major holder of US debt and could dump $1T on the market to wreak havock in the US. What if QE is a strategy to do that more gradually than China would and to own assets the Fed could sell to soak up those extra dollars were China to dump US currency.
I hate to defend the Fed, and this is just my own reverse/"good" conspiracy theory, but does it have any merit? If so, what would the Fed's ability to hold the Dollar stable mean for our beloved BTC?
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