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Why Bitcoin Is A CDS On The Fedwww.zerohedge.com/crypto/why-bitcoin-cds-fed
173 sats \ 4 comments \ @soggycakes 29 Jul 2022 bitcoin
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0 sats \ 0 replies \ @cryptocoin 29 Jul 2022
A credit default swap or CDS is an insurance instrument that institutions use when they own a bond issued by an issuer like a corporate or government bond. They can buy insurance against that bond failing (issuer defaulting). For institutions and investors, Bitcoin can and should be their CDS on the Fed failing.
Bitcoin protects your wealth from debasement and it protects you like a CDS on the government.
Bitcoin is your insurance policy against the government’s entire monetary policy and its “scam token” (aka the dollar).
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10 sats \ 0 replies \ @Pine 29 Jul 2022 freebie
“The price of bitcoin (in USD) has been building on strong support even as the dollar gains.“ Hodlers set the floor price for bitcoin.
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0 sats \ 1 reply \ @cryptocoin 29 Jul 2022
The link for where the article originated, on Bitcoin Magazine:
Why Bitcoin Is A CDS On The Fed https://bitcoinmagazine.com/markets/why-bitcoin-is-a-cds-on-the-fed
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0 sats \ 0 replies \ @cryptocoin 29 Jul 2022
Good to see these Bitcoin articles on ZeroHedge rather than the mEth crap they used to run all the time.
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