The $200 billion bond purchase initiative targeting mortgage rate reduction highlights something the markets are still underpricing. As policymakers roll out interventions in the credit markets, there's a critical disconnect between headline announcements and actual market repricing. Most investors haven't fully grasped the second-order effects: how government debt operations reshape yield curves, liquidity flows, and ultimately risk appetite across asset classes. When you're dealing with stimulus measures of this magnitude, the initial market reaction typically underestimates the longer-term implications for inflation dynamics, currency movements, and alternative asset valuations. This is precisely the kind of macro backdrop that tends to drive substantial portfolio rotation—and crypto markets have historically been sensitive to shifts in monetary policy stance and real yields.