BOJ monetarially hawkish means the unwind of the carry trade. (20 trillion used by American hedge funds).
PBOC stopped monetary easing.
Federal Reserve unable to quell inflation despite growing pain in labor and demand (especially in housing industry).
Lumber down.
Unemployment up.
Copper down.
Gold up.
It's happening, a massive deleveraging where almost everything takes a hit (including bitcoin).
There will be a lot of finger pointing, a lot of hurt people who realize most their assets have counter-party risk and vulnerable to government incompetence.
Then they will hit the reset button, flood the economy with liquidity and central banks will buy these toxic assets.
And it may work, enough to convince most people because the alternative is absolute anarchy.
But for some, Bitcoin will start to make sense, it's the missing puzzle piece.
The jigsaw falling into place.
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