124: Why Bitcoin Ripped

They said at that point a year ago that they'd be going from two to four operations a quarter.

They again were targeting the long end from 10 years to 30 year maturities.

At that point, every operation retained a $2 billion cap.

This is now doubling that cap.

They're now saying that they're going to be going from the current size of $2 billion per operation to $4 billion per operation.

And it is having an instantaneous and pretty severe impact on some of those yields.

Here we go.

So for the Bitcoiners out there, the short version is this is the signal that the bonds aren't going to eat the debt problem.

The currency is the currency is going to eat the debt problem, just like we all suspected.

And this is essentially yield control through the back door.

And Bitcoin is surging hard on this news.

And what I find notable about that is is Bitcoin is surging right now for the reasons it should be, because it is a sovereign monetary asset.

They're sovereign for monetary control asset, right? It's surging right now because it is protection from debasement.

It's surging right now because it can't be issued by the US government.

There can't be more created.

It's pumping up like almost 6%.

We'll see at the end.

Actually, I could tell you right now.

Let's take a look right now, just because it's interesting.

Oh man, look at this.

So in the last 24 hours, Bitcoin is up 5.7%.

It's up 8% since the last episode, currently sitting at 68,420, which is the most strength we have seen since really the bear market took hold.

We really haven't broke above 65 very often.

This is a very strong, although maybe temporary, but a very strong pump right now.

That means our 30-day price is up 5%.