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<\/p>\n","protected":false},"excerpt":{"rendered":"A closely watched crypto commentator known as plur daddy (@plur_daddy) has resurfaced with a macro thesis that places Bitcoin and gold at the center of an approaching policy inflection\u2014arguing that President Donald Trump\u2019s push to assert greater control over US monetary policy could catalyze a liquidity wave that undermines the dollar and forces institutional participation in alternative stores of value.<\/p>\n
The remarks arrive as global policymakers debate the use of Russia\u2019s immobilized reserves to backstop new loans to Ukraine and as gold trades near record highs, sharpening the contours of a market regime in which Bitcoin increasingly trades as a function of liquidity and institutional credibility rather than a halving-linked \u201cfour-year cycle.\u201d<\/p>\n
\u201cIt\u2019s been great being off Twitter\u2026 I continue to be long BTC and also significantly sized up my gold position in August. This is driven by my belief that Trump\u2019s efforts to take control of the Fed represent a momentous catalyst, the kind that happens once a decade,\u201d he wrote, adding: \u201cOnce he takes control, it is logical that he will not only cut rates, but engage in some form of yield curve control\u2026 The USD will get destroyed as a result.\u201d<\/p>\n
The post frames Bitcoin and gold as \u201cmore pure beneficiaries of an environment where liquidity is increasing and institutional credibility is undermined,\u201d and contends that lingering fears about a halving-style market top are misplaced now that \u201cBTC\u2026 has been captured by tradfi and is a more pure expression of liquidity conditions.\u201d
\nThe policy backdrop he sketches has moved from hypothetical to contested reality in recent weeks. Federal Reserve Chair Jerome Powell publicly rejected claims that the central bank is acting politically, even as investors parse appointments and public pressure from the White House.<\/p>\n
\u201cCheap shots,\u201d he said of accusations about the Fed\u2019s motives, defending the data-dependence of recent decisions. In parallel, global policymakers and market strategists have openly debated whether ongoing political intervention could force the Fed toward explicit yield-curve control to contain long-term borrowing costs\u2014an approach not used in the US since the 1940s.<\/p>\n
In a follow-up thread, \u201cplur daddy\u201d outlined a pathway to lower mortgage rates via government-sponsored enterprises (Fannie Mae and Freddie Mac) buying more mortgage bonds, with capital requirement tweaks and derivatives used to manage duration.<\/p>\n
That proposal distinguishes itself from QE by shifting spreads through asset mix rather than expanding central-bank balance sheets directly. The argument aligns with the broader political incentives ahead of US midterms: \u201cMarkets are forward looking\u2026 They have a strong incentive to juice the economy and markets,\u201d he wrote, while cautioning that direct stimulus would carry inflation risks.<\/p>\n
The liquidity lens extends to the Treasury General Account (TGA), which has been rebuilt rapidly into late Q3. Research desks had warned that an aggressive TGA refill into September could briefly drain market liquidity before easing, a pattern that crypto traders have long monitored given Bitcoin\u2019s outsized sensitivity to changes in dollar system reserves and bills-versus-reserves mix. \u201cBTC is hypersensitive to any shift in liquidity conditions, much more so than equities,\u201d the post asserts, echoing analysis that mapped TGA dynamics to risk-asset performance.<\/p>\n
Another pillar of the thesis is Europe\u2019s evolving stance on Russia\u2019s frozen sovereign assets\u2014roughly $300 billion immobilized after the 2022 invasion. Brussels is weighing a structure in which new loans to Kyiv are backed by those assets and only repaid if Russia pays reparations\u2014an outcome the author argues \u201cwill never happen,\u201d calling the mechanism a de facto seizure that \u201cmassively bolsters the raison d\u2019\u00eatre for crypto.\u201d<\/p>\n
Market context has been sympathetic to the store-of-value leg of the argument. Gold has pierced new highs this month, with multiple banks projecting scenarios toward $3,700\u2013$4,000 over the next several quarters if central-bank buying remains strong\u2014and potentially higher if private investors accelerate hedging flows away from US dollar assets amid policy and geopolitical uncertainty. \u201cIt makes sense that BTC start moving [when] gold\u2019s momentum slows down,\u201d \u201cplur daddy\u201d added, positing a rotation once bullion\u2019s advance stalls.<\/p>\n
The post has drawn quick agreement from notable traders. \u201cAgree, I am trying to time this, I think < 6 months & > 90k,\u201d wrote Ansem (blknoiz06), sketching a timeline that implies a Q1 2026 window for a new Bitcoin leg higher. Macro strategist Alex Kr\u00fcger called it a \u201cgreat post.\u201d Forward Guidance podcast host Felix Jauvin added: \u201cSo very well said. Good to see you man.\u201d<\/p>\n
The policy backdrop the expert sketches now features a Fed Board with a freshly confirmed Governor, Stephen I. Miran, who immediately dissented at the September FOMC for a larger cut and has been publicly arguing for materially faster easing in the dot plot.<\/p>\n
In parallel, the administration\u2019s attempt to remove Governor Lisa Cook via lawsuit has put an unprecedented spotlight on the legal protections around Federal Reserve independence. Those developments\u2014together with Europe\u2019s evolving plan to leverage frozen Russian assets\u2014are the concrete signposts of the \u201conce-a-decade\u201d moment described above.<\/p>\n
At press time, BTC traded at $113,121.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
A closely watched crypto commentator known as plur daddy (@plur_daddy) has resurfaced with a macro thesis that places Bitcoin and gold at the center of an approaching policy inflection\u2014arguing that President Donald Trump\u2019s push to assert greater control over US monetary policy could catalyze a liquidity wave that undermines the dollar and forces institutional participation…<\/p>\n","protected":false},"author":1,"featured_media":7207,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[65,111,108,73,112,113],"class_list":["post-7206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7206"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7207"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}