There was so much worry, so much panic before the close on Friday. Suddenly today like a miracle we are all in the Green (how did that happen?). We all know how that happened. In fact the name is debt and it will just keep continuing. Yield curve control is also not too far off. So what will benefit? Of course our crypto's!
Even after a nice smack down last week, the main street news will call it the end of the crypto bubble. Well we also know crypto benefits greatly as an inflation hedge.
When the dollar strengthens, inflation hedges weaken. Although the DXY is creeping up, it's not enough to rattle our market.
The main concern are the rising 10 year yield. If the interest rates continue to climb, you can expect yield control to arrive sooner than later. It's obvious that the US Debt keeps mounting; and rising interest on debt repayment makes it all but impossible to exit this game with out inflating the debt away.
Should be an interesting week. The FED knows all that is going on and has plans for the months ahead. We can only guess it will include massive amounts of debt. Crypto should continue to benefit as long as this ponzi scheme continues.