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Bitcoin - a rising monetary tide lifts all boats
With Fed buying $120b worth of bonds each month, we could be setting up for another parabolic spike.
With Fed buying $120b worth of bonds each month, we could be setting up for another parabolic spike.
Thoughts on bitcoin -
Its a speculative bubble, ride it if you want. However, know what it is so you don't get caught with your pants down.
To the 'Bitcoin is a store of value' crowd, this thing lost 90% of its value in '18 (when Fed last stopped expanding its balance sheet).
Its a speculative bubble, ride it if you want. However, know what it is so you don't get caught with your pants down.
To the 'Bitcoin is a store of value' crowd, this thing lost 90% of its value in '18 (when Fed last stopped expanding its balance sheet).
This is the Bitcoin chart in US Dollars -
85% decline in 2018 when Fed stopped buying assets
'A store of value' which lost 85% of its value in a year!?
85% decline in 2018 when Fed stopped buying assets
'A store of value' which lost 85% of its value in a year!?
