The former CTO of Coinbase set a recent bet of a one million dollar price target in the next 90 days for Bitcoin. This expectation has dropped around the rate hikes due to the FED FOMC meeting a few days ago. Bitcoin is calm and the FED is in absolute chaos. We are seeing a lot of improvement with the and what we are talking about in this chaos is that. I think the FED just has no idea what they are talking about and what they are doing and they are unsure of what they are doing. This is a comment that is shared by Balaji and what he is talking about is the checks and balances that are going on and how one can not plan for the future when the government authorities are making it up..
The chaotic graphs is depicting that the FED has no clue what they are doing. One way to do it is just to buy crypto and that is what Balaji is suggesting. We are seeing if is there talking on out of both ends and is not and it is not going to be good when we look to the future of crypto because eventually, somebody has to make up this ground. The banking crisis is looming and there is no justification for what we were doing from a FED level and from the economic level as it relates to the check and balancing that we are seeing. When this check and balance system has failed, he is suggesting just Bitcoin and moving on with his life.
Polygon has issued its first bonds without any banks for the swiss trading, for the Muff Trading AG. The company is also a physical commodities trading firm that uses its own Defi platform called Obligate to sell these tokenized bonds. Now Obligate is a fully registered intermediary in Switzerland, meaning that it allows companies to bypass the traditional banking system and issue bonds and different commercial products using the blockchain. The bonds were entirely by USDC stablecoin and didn't rely on any fiat payment or settlement rails at all. Investors will receive the Erc20 token into their wallet into their crypto wallets that represent that real-world asset.