A sudden $13.5 billion Fed liquidity injection exposes a crack in the dollar that Bitcoin was built for
The quantity didn’t look dramatic at first look ($13.5 billion in in a single day repos on Dec. 1), however for anybody who watches the Federal Reserve’s plumbing, it was a noticeable spike. These operations not often break into headlines, but they drive the liquidity currents that form all the pieces from bond spreads to…
