There's been a popular mantra that's floated around various circles, including FinTwit, that goes something like, "crypto is a hedge against inflation." But the question also boggles my mind, "how?"
top of page
bottom of page
.png)
There's been a popular mantra that's floated around various circles, including FinTwit, that goes something like, "crypto is a hedge against inflation." But the question also boggles my mind, "how?"
SI traded at 16 pre-covid, went up all the way to 239, now sits at 58... that's at least 40 left to go...
prior corrections were about 90% in a shallowed QT period. now we are in deep prolonged QT, and crypto market size is much bigger and more big players involved, there will be more catastrophic events. Voyager is about to go to pennies.. that's 1.02 left to go..
It's a scam.. pure speculation based on other chasing on, once the domino falls, there's no technical support level, like many meme stocks.
Whatever bro, have fun staying poor ;-)
I love how the title of the article totally sums it all up!
So.....
I don't have golden eyes (though I do like Bond), but if bitcoin starts to be seen as a weak alternative to gold, will we get a bid on precious metals? They've held up very well these last few weeks. Especially since everything seems agains them- higher USD, higher interest rates, general market decline...