GV – Reserve’s Bank Term Funding Program (BTFP) will sunset as planned on March 11, ending a program that helped calm the markets after last year’s collapses of Silicon Valley Bank and Signature Bank threatened a broader financial crisis. Bitcoin is scheduled to “halve/split” in April. The last time that transpired the not yet viable non-asset backed digital instrument doubled in price. Investors should not look at BTC as an inflation hedge, but rather as a hedge against monetary debasement perhaps. Personally, I am not jumping in at these levels in BTC.
BTC MOnthly Chart
BTC (Bitcoin) relentless rise is now within spitting distance of its 68861 record high
THE SHARP MOVES UP IN GOLD AND BTC WHILE THE FOREX MARKET IS ON THE SIDELINES IS NOT A VOTE FOR FIAT CURRENCIES.
With that said, it is hard to suggest trading BTC from here as there should be no interest in standing in front of the BulletTrain but now dependent on the record high being taken out to move even higher.
Re: Usd/Chf – I posted in Asia last night I expected UsdChf to be contained through Monday between 8810 and 8870. A bit wide, not every day is like that. Something substantial would be required to alter that range. Filled long at 8810, took the money at 8850 and now flat. Bias is clearly Usd strength and unless something profound takes place, pre-US close I don’t see the range changing through Tuesday so far.
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