Michael Nadeau

this, this fed president looks fully aligned with that, with that view.

He's talking about, the fed, you know, is overreaching.

It's getting into too many different things.

It's balance sheet is too big.

Um, so he seems like a kind of a free markets guy.

Um, the question, and this is what I think the markets were processing on Friday.

This is why gold, you know, sold off.

This is why Bitcoin has been selling off.

Um, and, and it's unclear, um,

what this really means moving forward, but it's not necessarily good for crypto, right?

If you're talking about a guy who's gonna, part of my thesis was that the economy is sort of weakening here and I would probably be getting, when we get to like a bottom in Bitcoin, there might be some turmoil in the markets

And we would probably need somebody to come in and do yield curve control, right?

QE again.

And that's usually what gets Bitcoin and the crypto markets going.

This guy's talking about, you know, not doing that.

So you could have a situation.

And this is what I've been trying to process over the weekend.

where I think the labor market is pretty susceptible to a potential, if we saw a drop in the stock market, a significant drop, 10% or so,

The labor market, I think, is pretty susceptible to something like that.

And it could could create like more layoffs.