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Probably easiest to read that as "the stock market" but I mean stocks, bonds, treasuries and other assets. We had market crashes in 2001 and 2008, and there is

Probably easiest to read that as "the stock market" but I mean stocks, bonds, treasuries and other assets. We had market crashes in 2001 and 2008, and there is another one likely in the next couple of years, I expect. Quantitative Easing has given us a fiat bubble across many asset classes, and I expect it will crash, and Bitcoin will be hurt in the short term and then rally in the medium term as the crash continues... Hope that makes it clearer.

sova 9y ago
That makes it very clear, thank you. So, let's say the Fiat markets go down holistically and people have assets in the Fiat markets like stocks. The market trends downward for a while and people sell their assets to avoid the "crash" or potential "forever loss" of assets. So, people will also likely sell their bitcoins off at this time, and in general the price will be lower for a good sprint. Thanks for clarifying, I believe I caught your gist.
- rothbardrand 9y ago
  I expect bitcoin will crash in the early days as well... but it's unclear how long that will be, or whether it will become a safe haven that people start buying again. Bitcoin is literally a response to the 2008 crisis-- the genesis block has a quote about bank bailouts.