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Bitcoin is a hedge on the US dollar, so people probably suspect the economy will go down since Biden won.
by calebm 6y ago
Bitcoin is a hedge on the US dollar, so people probably suspect the economy will go down since Biden won.
- optimalsolver 6y agoIs that why Dow hit 30,000? Because investors are bearish on a Biden economy?
- pashamur 6y agoHolding stocks is also a hedge on the USD, not unlike bitcoin. Perhaps the market is expecting more money printing.