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BCB078_CROESUS (Jesse Myers): The First 1% of Bitcoin Adoption

Blue Collar Bitcoin

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The Fed's Balance Sheet Is Just There

The Fed has rolled off 1% of its balance sheet. That amounts to exactly what you don't want, and it only accelerates from there because the problem gets bigger and bigger. You can't escape the eroding position of US Treasuries as the reserve currency of the world. There's $230 billion, trillion out there in global debt that are all in kind of a similar position of a stated yield that is going to underperform this decade.

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