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Bitcoin Soars Above $15,000 As Markets Price In Much More QE; Gold Surges

• Zero Hedge

Earlier today we said that with the collapse of "Blue Wave" hopes, and with them expectations of a massive fiscal stimulus (made even less likely now that Nancy Pelosi is facing a growing rebellion within the Democratic party), the Fed is now the only game in town...

... which naturally means even more QE (assuming the Fed refuses to cut rates to negative), before eventually the Fed launches a digital dollar sparking an inflationary conflagration.

And sure enough, this morning the realization that the end of the "reflation trade" means the start of the QE trade has sparked a massive bid across all risk assets, which has pushed the S&P 2% higher, with the Nasdaq even higher, but it's the dollar collapse trades that are really exploding.