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I think it's safe to say that anyone who says $BTC is asymmetric and not subject to the whims of global forces can be put to rest. I am curious where these individuals reside now? How do you rationalise it as a global hedge when it has a correlation of 0.9 with $SPX on the weekly
Have you ever looked yourself in the mirror and thought that maybe you are perpetuating a stew of bullshit? Just curious what arguments you have at present
What was obvious before covid crunch was this narrative about inflation and the money printer going BRRR. The common misconception was it was good for $BTC but fuck the incumbents and the legacy system. I think thats just pure malarkey. Money printer is good for every asset!
To those that were wishing for a full blown equity implosion should think twice. On what planet do you think that a true liquidity crunch is good for $BTC? Sure it might bottom first and outperform equities in the long run (like gold in 08), but it is not your panacea @ present.
The game is simple- Stocks go up, BTC bullas happy.
Stocks plunge- look away, because it will get nasty.
Stocks plunge- look away, because it will get nasty.
