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Brendan Bernstein @BMBernstein
, 3 tweets, 1 min read Read on Twitter
We're about to see an interesting dynamic in macro markets. The goals of the US Fed and Trump / US policy are diametrically opposed.

The Fed is both cutting its balance sheet and raising rates, while the US deficit is rising past $1tn. Dollar funding is about to evaporate
Trump obviously isn't happy with the rate hike. High rates in the US, coupled with cuts elsewhere (especially china), will make it even harder for him to "bring manufacturing jobs back"
If BTC was large enough to be tied to macro markets, this would be very bearish. A USD shortage will lead to a major short squeeze. A USD rally will hurt most commodities, especially gold. BTC's reaction will be very illuminating.
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