⚠️ Repurchase agreements are beginning to jump orders of magnitude. The total securities purchased by the #Fed in the overnight repo facility just spiked to the highest level since mid-2020. image Even this massive spike will pale in comparison to the amount of securities the Fed will begin purchasing in 2024. Get ready for a wild ride in the repo market. The Fed has no choice but to create new currency as liquidity crises mount. This is simply how the fiat system works. There is no alternative but for the central bank to continue creating new currency out of thin air. As debt-to-GDP spirals higher, the amount of new currency creation will also spiral higher -- but to an even greater extent. The fact that new currency creation is accelerating is part of the reason why the price of Bitcoin is surging right now. image As the money printer begins to heat up, so too does the price of Bitcoin. #RPs / #RRPs / #Fed / #FOMC / #FedPivot / #Recession / #BTC / #BTCUSD
Inflation is a hidden tax. It allows the central government to usurp the wealth of workers unbeknownst to them. By having immutable scarcity, #Bitcoin prevents central governments from levying this hidden tax. $BTC compels such governments to be accountable to their citizenry and to levy taxes through the political process. Therefore, when a government seeks to ban Bitcoin, what they're really intending to ban is its accountability to the people.
#Bitcoin is starting to heat up. Its weekly candles are now yellow on this heatmap chart. In the last halving cycle, Bitcoin's price peaked at more than 6x the price it was when its weekly candle first turned yellow during that halving cycle. Though each halving cycle becomes less extreme, even if we 3x from here we'll be up to ~150k. #BTCUSD / #BitcoinETF image
The #IWM / #SPY ratio is forming a major shooting star pattern on its 3-month chart. We're likely nearing the period when the S&P 500 begins to underperform #smallcap. This is a warning for #Mag7 #AAPL / #NVDA / #AMZN / #MSFT image