Several regional banks in the United States are facing renewed stress despite strengthening their finances after the 2023 banking crisis, and Bitcoin could benefit from any liquidity crisis that follows.
Strike CEO Jack Mallers sees the banking stress as validation that Bitcoin (BTC) is correctly pricing in an impending liquidity crisis, opining that the Federal Reserve’s inevitable response will drive BTC prices higher.
“Bitcoin is accurately smelling trouble right now,” he said on the Primal social media platform on Friday.
“The US is going to have to inject some of that sweet, sweet liquidity soon and print a ton of money or else their fiat empire goes kaboom.”
Taking the conversation over to X, he said, “Bitcoin is the most sensitive to liquidity. It moves first. It’s a…more
Source cointelegraph.com
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