Fastackl.eth on Warpcast

Fastackl.eth pfp

What if the fed just keeps pumping interests rates even if it breaks regional banks, shepherding depositors to SIBs who can take the hikes and in preparation for eventual transition to CBDC? 🤔

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Fastackl.eth pfp

Cc @dwr.eth Balaji is trying to explain a version of this in @moz . I’m ex IB and other (admittedly Orange pilled) ex SIB bankers have confirmed they think this is the obvious intent

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Fastackl.eth pfp

And yeah flight to SIB for anything more than you need to pay bills is a bad bad move gonna come back to haunt people at some point. I’m not even shilling BTC if don’t like BTC then real estate or something tangible. Imagine you’re in Argentina or Cyprus or even worse China and move accordingly

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Fastackl.eth pfp

Risk w BTC is the path to 1m is through $3k as generational shocks get absorbed, like with Covid, before ripping up so gotta be careful. A house on the other hand is higher friction but at least people can use it

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Fastackl.eth pfp

Also the average person is not going to be the marginal mover in a scenario where usd tanks. Not that in necessarily agree it’s likely but if it happens big money will figure it out first. Like with SVB. The average punter was probably the last to withdraw and would have gotten rekt we’re it not for BTFP

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Dan Romero pfp

Get concrete. If $1 trillion in M2 moves into Bitcoin in the next 90 days: 1. Who is moving it? 2. What % of their balance sheet are they moving? 3. How are they paying for operational expenses?

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Fastackl.eth pfp

1/Sure to be clear I'm not arguing BTC is going to moon nor do I expect that to happen. I actually don't care abt BTC price, what I do care abt is not getting trapped in CBDC/US The consensus US move is to move to SIBs which is happening at the fastest rate in a decade. It's a trap. No one outside the US is doing that

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Fastackl.eth pfp

2/At least since 2008 my experience is no HNW/large non-us corporate would be dumb enough to have big US banking exposure (although still use swift). If an HNW sets up a banking relationship it's in (or was in) Switzerland, Singapore, Bahamas etc.

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Fastackl.eth pfp

3/In my experience this is non-obvious to US HNWs but slowly I'm seeing more HNWs starting to realise this. Also some more exposed users like TUSD for example have moved banking to Bahamas

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Fastackl.eth pfp

4/Most are gonna get trapped in the US/CBDC. Doesn't mean dollar will devalue or hyperinflation necessarily. I actually think most people won't really notice unless they try to exit or do something non-approved like try to escape gradual inflation

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