Federal Reserve Chairperson Jerome Powell said that the balance sheet is still shrinking and liquidity is still abundant; it will pay attention to the situation in the reserve market, and when market conditions slightly exceed'sufficient ', the Federal Reserve will try to stop the shrinkage of the balance sheet.
According to DL News, there are currently around 144 companies holding bitcoin on their balance sheets. In addition, Michael Saylor proposed the idea of borrowing money through loans and converting it into debt to buy bitcoin, and ten companies such as Marathon Digital, Metaplanet, and Semler Scientific are gradually adopting the same strategy.
Telegram holds $400 million worth of cryptocurrency on its balance sheet.
The boom in Internet celebrity stocks shows that the US financial system is still abundant in liquidity, and the Fed's slowdown in shrinking its balance sheet means that the balance sheet will never normalize; it is expected that the Fed's dot plot next week will still suggest two interest rate cuts this year...