UBS credit default swaps have doubled since news broke that it would rescue Credit Suisse Why? The risk isn't gone, it has only been transferred to a different balance sheet. This crisis is far from over.

If you total the Fed, ECB, and BOJ's net assets, you get a solid proxy of #bitcoin's price movement. The reckless, seemingly perpetual balance sheet expansion from central banks can be hedged with an asset whose issuance schedule is locked for etern