QT, We Hardly Knew Ya
Mar 17, 2023
• 6
Min Read
It might not “technically” be QE, but QT is Over
A common refrain among Bitcoin advocates has been “short the banks, long BTC.” Over the past couple of weeks, we have seen the closest manifestation of this trade since the inception of the Bitcoin network.
There remain apparent concerns about the health of the US banking system, specifically related to the duration mismatch issues plaguing traditional banking institutions and depositors' resulting willingness (or lack thereof) to hold their uninsured deposits in regional banks.
Silicon Valley Bank ($SIVB) realized a loss...