Should The Halving Be Called 'Quantitative Hardening?'

Plus digital dollar skepticism and DeFi comes to bitcoin

Happy Thursday, Blockfolians

The Lede

Bitcoin briefly topped $7,000 today. Unfortunately it retraced quickly enough that it didn’t get to be our lead. Nonetheless, here’s a cool conversation we spotted.

The Long, Unwinding Road Of Quantitative Easing | Zero Hedge

Many have pointed out that there really couldn’t be a better advertisement for bitcoin than the halving happening at the same time that quantitative easing takes hold around the world. Today, however, the idea of making that contrast direct by calling the halving “quantitative hardening” or “quantitative tightening” picked up some serious steam.

With the right media support - it just might happen. No matter what, the contrast couldn’t be clearer.

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Community Commentary

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A Really Big Number We Should Be Paying Attention To

6,648,000

That’s the number of jobless claims this week, making nearly 10 million in the last two weeks. The previous one week high was ~685,000. There is a lot of pain out there, and unfortunately, likely a whole lot more to come. Be good to each other.


A Bonus Bonus Big Number

$5,860,000,000,000


Final Thought

Is DeFi coming to bitcoin?